Your betting budget

[Oshosondy]

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.

With what I have experienced about gambling, if someone has lost ones, the person should not think about it and should betting another day, the following day is not even better as the losses can continue, the best is to wait for like a week when the person will not have the sense of loss again and when the right mindset set back to the original level. My weakest moment during gambling is when someone is losing and yet continue to gamble to lose more until all is lost, I experienced this before when I was an addict.

[iTradeChips]

Consider that its often best not to spend it all at once.  Budgetting actually increases chances of success I think as it gives more then one attempt for the same amount spent, where as no budget can lead to just a dead end of having no money left rather choosing not to spend more that day.   The only real way to beat the game or increase luck seen is via a plan and a budget is part of that.

That is right. Budgeting really makes one disciplined and it increases chances of success, as you have a steady supply of funds for your gambling and at the same time the discipline to do it another day. Also add the business regimen like counting losses and wins. Like in business, there are days when there is no profit and there are days where you can get so much profit in your bets and gambles. Be business like is the key to everything, even in gambling.

[Russlenat]

Consider that its often best not to spend it all at once.  Budgetting actually increases chances of success I think as it gives more then one attempt for the same amount spent, where as no budget can lead to just a dead end of having no money left rather choosing not to spend more that day.   The only real way to beat the game or increase luck seen is via a plan and a budget is part of that.

That is right. Budgeting really makes one disciplined and it increases chances of success, as you have a steady supply of funds for your gambling and at the same time the discipline to do it another day. Also add the business regimen like counting losses and wins. Like in business, there are days when there is no profit and there are days where you can get so much profit in your bets and gambles. Be business like is the key to everything, even in gambling.

That's the most important thing that every gambler should understand, we have a problem if we can't accept losses and we always want to end a day with a profit. Some gamblers have that kind of mentality, they don't want to lose, so they chase their losses to end up profitable, unfortunately, it does not end the way we expect it to be most of the time.

[Pamadar]

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.

With what I have experienced about gambling, if someone has lost ones, the person should not think about it and should betting another day, the following day is not even better as the losses can continue, the best is to wait for like a week when the person will not have the sense of loss again and when the right mindset set back to the original level. My weakest moment during gambling is when someone is losing and yet continue to gamble to lose more until all is lost, I experienced this before when I was an addict.

Wrong impressions with most of the gamblers who keeps failing inside gambling.

Instead of taking the break, they tend to push for more trying to recover those money that they've lost when playing the game.

It's a must to see have good control and limitation, it save you a lot of time and money as there's alway another time to play instead of
trying to win back it's best to accept your defeats and have some break and call for that day.

[KTChampions]

That is right. Budgeting really makes one disciplined and it increases chances of success, as you have a steady supply of funds for your gambling and at the same time the discipline to do it another day. Also add the business regimen like counting losses and wins. Like in business, there are days when there is no profit and there are days where you can get so much profit in your bets and gambles. Be business like is the key to everything, even in gambling.

You talk about gambling as if you were doing it like a business. But everyone knows that despite the alternation of wins and losses in total on the distance, you will always be in the red. Can you really surpass this pattern and can profit from gamling? Otherwise, I do not understand your reasoning.

[hahay]

Consider that its often best not to spend it all at once.  Budgetting actually increases chances of success I think as it gives more then one attempt for the same amount spent, where as no budget can lead to just a dead end of having no money left rather choosing not to spend more that day.   The only real way to beat the game or increase luck seen is via a plan and a budget is part of that.

That is right. Budgeting really makes one disciplined and it increases chances of success, as you have a steady supply of funds for your gambling and at the same time the discipline to do it another day. Also add the business regimen like counting losses and wins. Like in business, there are days when there is no profit and there are days where you can get so much profit in your bets and gambles. Be business like is the key to everything, even in gambling.

That's the most important thing that every gambler should understand, we have a problem if we can't accept losses and we always want to end a day with a profit. Some gamblers have that kind of mentality, they don't want to lose, so they chase their losses to end up profitable, unfortunately, it does not end the way we expect it to be most of the time.

It would be a pity if they gambled on continuing to chase after what they had lost, such thoughts would certainly endanger their lives. 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. But it will be useless when you are still careless and do not have calculations in gambling, because carelessness in gambling will certainly cause problems for your finances even though you already have a set budget.

[acquafredda]

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 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 

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.

No man, thanks for asking but that is not for me. These days I would rather do other things than betting on competitions which I know nothing about. I always prefer to bet on the major football leagues since I follow them and I have more info available before placing my bets.
I can definitely wait, I have no rush to bet during the holidays.

[robelneo]

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!

This is a trap and the biggest challenge I thought I can be good at stopping when I'm losing and come back some other times but in the back of my mind I was urged to continue because the next roll or card will fall in my favor, sometimes it works sometimes it's not, the worse thing is stopping when you don't know if the next roll or card is in your favor you have to take a chance, and prepare to take the worse or the best outcome.

[ethereumhunter]

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.

People who think that gambling is a source of income will try to use gambling to make money. If they can see the reality that they can not make money, they will stop it and leave gambling as soon as possible. But many of them are not stopping instead still trying to make money because they think that their luck will come to them.

We need to limit our budget in gambling and not use too big money to gamble because we will hard to make money from gambling.

[South Park]

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.

And that is fine, it is not like you are obligated to gamble in games that you don't really want or like, people have different games that they like and in the case of sport bets there are people that only like a particular sport and they can spend months without making a single bet because there is no other sport that they like, even then I still think that it is a good idea to have a budget as I think it is key to always have complete control over your gambling and this can only be achieved through a budget.

[harizen]

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.

[lienfaye]

People who think that gambling is a source of income will try to use gambling to make money. If they can see the reality that they can not make money, they will stop it and leave gambling as soon as possible. But many of them are not stopping instead still trying to make money because they think that their luck will come to them.

We need to limit our budget in gambling and not use too big money to gamble because we will hard to make money from gambling.

Thats a sad reality. Many gamblers are believing gambling is the answer for them to grow their money but not knowing that its a risky thing to do and not advisable as well.

It can make you millionaire if ever you win in a lottery but its a one in a million chance, clearly depends on luck. Only few people can make gambling as their resouces to earn money and they're using their skills and experience to maximize their chance to win.

Thats why its important to have a budget to use for playing, it can control our activity and set us our limit.

[Hamphser]

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.

And that is fine, it is not like you are obligated to gamble in games that you don't really want or like, people have different games that they like and in the case of sport bets there are people that only like a particular sport and they can spend months without making a single bet because there is no other sport that they like, even then I still think that it is a good idea to have a budget as I think it is key to always have complete control over your gambling and this can only be achieved through a budget.

When it comes to spending then it is mostly just like the same and the only difference here is that the base bet and possible max bet for that platform had been set out since we know that they do have different

max bets for maximum wins and it is true that budget allocation would really vary into each gambler or player because not all would be having the same depths when it comes to their pockets.

There are several factors that do affect spending too and this is really very situational on each person.When it comes to spending then it will really vary.

[Saint-loup]

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.

And that is fine, it is not like you are obligated to gamble in games that you don't really want or like, people have different games that they like and in the case of sport bets there are people that only like a particular sport and they can spend months without making a single bet because there is no other sport that they like, even then I still think that it is a good idea to have a budget as I think it is key to always have complete control over your gambling and this can only be achieved through a budget.

I really doubt there are many bettors not making a single bet during several months just because the season of their favorite sport has ended. It must concern only occasional bettors IMO, because when you like betting it's very easy to find another sport to gamble on, you don't need to watch each event of a sport to be able to bet on, it wouldn't be even possible anyway.

[ethereumhunter]

People who think that gambling is a source of income will try to use gambling to make money. If they can see the reality that they can not make money, they will stop it and leave gambling as soon as possible. But many of them are not stopping instead still trying to make money because they think that their luck will come to them.

We need to limit our budget in gambling and not use too big money to gamble because we will hard to make money from gambling.

Thats a sad reality. Many gamblers are believing gambling is the answer for them to grow their money but not knowing that its a risky thing to do and not advisable as well.

It can make you millionaire if ever you win in a lottery but its a one in a million chance, clearly depends on luck. Only few people can make gambling as their resouces to earn money and they're using their skills and experience to maximize their chance to win.

Thats why its important to have a budget to use for playing, it can control our activity and set us our limit.

Yes, it is. That is a sad reality. But that is also happening for many gamblers who still search for their luck in gambling. They are trying to grow their money through gambling but in the end, not many of them can do that.

Winning a lottery needs big luck because we compete with hundreds of people who want the same thing as us. But if we realize that the lottery is like set and forget, we will not have a big hope to win the lottery. Having a budget will help us control ourselves, not just knowing when we must quit gambling but also controlling the money that we will use for playing gambling.

[Obito]

~snip

Yes, we are raised different, but we can touch every people with heart. So in this matter, if we can approach them softly, I am sure they will understand what we mean and they will listen to us and want to learn more about self-control. I believe that we have self control and we can learn it slowly, as long as we have a will to learn. If they can set their budget in gambling and have self control, they will not let that money is gone in the short term.

Well, you said it already, we are raised different and for it just doesn't work that way but there are other ways that you can make it up so you can do something about your problem with money and self-control. Also, it's easy to say that they can control gambling but the problem that I think is that when it's applied, most people fail at first attempt.

[carlisle1]

There's always good solution for someone who are trying to work with this concern, it's not easy but working on it with proper balance and adjustment, self-control helps you to manage your bankroll properly, that includes also time staying inside  gambling venues.

Well, you said it already, we are raised different and for it just doesn't work that way but there are other ways that you can make it up so you can do something about your problem with money and self-control.

Easy but when you already into this situation, it will bring hardship as control inside your mind mostly being manipulated by addictions to the game.

Also, it's easy to say that they can control gambling but the problem that I think is that when it's applied, most people fail at first attempt.

[passwordnow]

There's always good solution for someone who are trying to work with this concern, it's not easy but working on it with proper balance and adjustment, self-control helps you to manage your bankroll properly, that includes also time staying inside  gambling venues.

If someone who cannot attain that type of budget that the other gamblers can to prolong their stay as they gamble, there's really a solution on it. And it varies depending the game that they're playing and with the amount that they put every bet they make.
Well, with such budget that they have and if they're staying for long even if they no longer have a budget. They're obliged to withdraw or get another budget because that how it feels when they're staying long without anything to gamble.

[dunfida]

There's always good solution for someone who are trying to work with this concern, it's not easy but working on it with proper balance and adjustment, self-control helps you to manage your bankroll properly, that includes also time staying inside  gambling venues.

If someone who cannot attain that type of budget that the other gamblers can to prolong their stay as they gamble, there's really a solution on it. And it varies depending the game that they're playing and with the amount that they put every bet they make.
Well, with such budget that they have and if they're staying for long even if they no longer have a budget. They're obliged to withdraw or get another budget because that how it feels when they're staying long without anything to gamble.

Stick to your budget and wont go overboard and once you had consumed or lost it all on the time you do play then dont tend to add up just for you to mind to break even or chase losses.

This is the primary reason on why you do go past to your limit because you are tolerating on what you do have in mind and as long you do know that you have money to spend then
you would definitely be playing even more and wont minding about tomorrows expenses.Even if you are hell a of a rich guy but there would be coming to a point that you would
be surely wrecked that hard.

[finaleshot2016]

There's always good solution for someone who are trying to work with this concern, it's not easy but working on it with proper balance and adjustment, self-control helps you to manage your bankroll properly, that includes also time staying inside  gambling venues.

If someone who cannot attain that type of budget that the other gamblers can to prolong their stay as they gamble, there's really a solution on it. And it varies depending the game that they're playing and with the amount that they put every bet they make.
Well, with such budget that they have and if they're staying for long even if they no longer have a budget. They're obliged to withdraw or get another budget because that how it feels when they're staying long without anything to gamble.

Stick to your budget and wont go overboard and once you had consumed or lost it all on the time you do play then dont tend to add up just for you to mind to break even or chase losses.

This is the primary reason on why you do go past to your limit because you are tolerating on what you do have in mind and as long you do know that you have money to spend then
you would definitely be playing even more and wont minding about tomorrows expenses.Even if you are hell a of a rich guy but there would be coming to a point that you would
be surely wrecked that hard.

This is one of the problems that other gamblers face; they can't control themselves and continue to gamble after their gambling budget has been depleted. If you lack self-discipline, you have a high risk of becoming addicted to gambling.
If you can't afford to lose a lot of money, you should know right away that gambling isn't a good way to make money.

Don't go over your limits or else, it's you that will get affected.