Bankroll management discussion

[ethereumhunter]

I personally prefer using the smallest bet possible when I'm playing slots because that would allow me to have as many spins as possible since which will increase my chances of maybe hitting a big multiplier because it sometimes takes time.

What you're getting here is that if you stay longer in the game, you'll have more fun. However, if we base it on the real chances of winning, since slots have a house edge, that means the longer you gamble, the lower your chance of winning will become. It's pretty opposite to your expectation, though.

We must remember that having fun gambling doesn't have to be for a long time because we need to limit the use of money for gambling. If we use a small amount of money in gambling for a long time, I think it can increase the money lost. And when you play slots, you can experience increased emotions, especially when you can't win even once. That will certainly make you curious and might also increase the bet amount. And when you increase the amount of the bet, the amount you lose can also increase, eventually making you lose a lot of money.

[piebeyb]

I personally prefer using the smallest bet possible when I'm playing slots because that would allow me to have as many spins as possible since which will increase my chances of maybe hitting a big multiplier because it sometimes takes time.

What you're getting here is that if you stay longer in the game, you'll have more fun. However, if we base it on the real chances of winning, since slots have a house edge, that means the longer you gamble, the lower your chance of winning will become. It's pretty opposite to your expectation, though.

We must remember that having fun gambling doesn't have to be for a long time because we need to limit the use of money for gambling. If we use a small amount of money in gambling for a long time, I think it can increase the money lost. And when you play slots, you can experience increased emotions, especially when you can't win even once. That will certainly make you curious and might also increase the bet amount. And when you increase the amount of the bet, the amount you lose can also increase, eventually making you lose a lot of money.

Usually gamblers who only gamble for fun always limit their gambling so even though it sometimes takes a long time it won't make them spend their expenses, obviously they will stop usually when they reach their gambling spending limit, usually there is a certain deposit then when the money runs out even though betting small will not make curious.

I'm a person who often gambles with small stakes and it doesn't cost much money to lose either but indeed sometimes I often get emotional when I feel bored or have reached the point of pleasure, so I play seriously and risk all the money taking the opportunity when my money runs out at that time I had to stop because I had reached my daily spending limit in gambling.

[Beparanf]

What percentage of your bankroll are using as your bet size. I read an article online before that 1% to 3% is the ideal for low risk gambling while 4% to 5% for aggressive gambling. I use the aggressive type bankroll management on most of my game because I’m always bored playing with minimum bets or low percentage of my bankroll because I knew that house edge will kill me long term.

Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.

1% or 5% are just values, but the bet size will depend on your gaming budget. With a good deposit, 1% can be significantly higher than the minimum rate.

The percentage is actually your bet size. It’s a proportion to your bankroll. Why will someone deposit huge amount of money while they don’t to bet in proportion to their bankroll? You can always play with small bankroll instead of huge bankroll if you don’t want to bet significant amount.

Also those significant amount for you doesn’t mean it’s the same for player with huge bankroll. They are whale because they are betting huge amount because they have huge bankroll.

Your game budget is determined by you, but you do not have to make the entire budget for a game deposit, you can only make a certain part of it, especially if your game budget is significant. If you are consistent and do not exceed the predetermined values, then this will help you avoid losing your game deposit, and over a long distance you will be able to understand how successful you are as a gambler.

Read again the purpose of this thread. This is why percentage of your bankroll is being use to calculate bet size. A 1% of 100$ is different to 1% of 1000$. You are just running in to circle here because the one you are talking is exactly this bankroll management.

[MinMan]

I've only ever heard the term bankroll management when reading poker articles. Never really seen anyone apply it to casino gambling. In poker you need 100 buyins at the level you are thinking about playing to sit. So, in order to sit at a tourney that has a buyin of $1 you need $100 bankroll. This gives you 100 chances at that particular level.

If I walk into a casino with $500 then I intend to play with that whole $500 or if I get a big win and make a couple hundred i'll be happy and leave a winner. I'm not going to have a $5 limit when going to a casino. Better to not go with that amount as you'll not have any fun.

Poker is like trading because skills are also involved here and just like in trading, poker players are also careful on handling their bankroll. It ensures them to sit longer in the table and win more money or possibly turn the tides if they are on a critical situation.

I'm not in to poker, and I never visit poker sites or threads but there are several posts I see about bankroll management. Those posters are not only talking about the poker but it was gambling in general although the reason can still be the same as the poker players. A 5 dollar bankroll can be enough already for a small player but you can find it too small because maybe you are earning a lot? But I like your playstyle. you're not greedy to look for more wins.

[len01]

I personally prefer using the smallest bet possible when I'm playing slots because that would allow me to have as many spins as possible since which will increase my chances of maybe hitting a big multiplier because it sometimes takes time.

What you're getting here is that if you stay longer in the game, you'll have more fun. However, if we base it on the real chances of winning, since slots have a house edge, that means the longer you gamble, the lower your chance of winning will become. It's pretty opposite to your expectation, though.

simply put the longer it lasts the house will win.

If you really want to bet a low minimum bet, isn't it better to choose not to play slots for too long? I mean if you use a small bankroll and want to last longer in slot games it's the same as just wasting your bankroll unless you're just for fun when your bankroll starts to decrease by half of the total amount it would be better to stop for a while and continue the next day to still be able having fun.

[FatFork]

When it comes to my bets, I don't stick to a fixed percentage. I like to keep things flexible. It all depends on the specific bet, and how confident I'm feeling. If I'm really sure about a match, I might go for a higher stake. Now, when it comes to managing my bankroll, I don't throw all my money into the pot at once. I'll usually only deposit an amount that I'm comfortable with risking. I mean, who wants to put it all on the line, right? That's just asking for trouble. I do agree that playing with minimum stakes or a low percentage of your bankroll can be a bit boring. But I think we should all try to find a balance between enjoying the game and managing the risks in our own way.

[arwin100]

I personally prefer using the smallest bet possible when I'm playing slots because that would allow me to have as many spins as possible since which will increase my chances of maybe hitting a big multiplier because it sometimes takes time.

What you're getting here is that if you stay longer in the game, you'll have more fun. However, if we base it on the real chances of winning, since slots have a house edge, that means the longer you gamble, the lower your chance of winning will become. It's pretty opposite to your expectation, though.

simply put the longer it lasts the house will win.

If you really want to bet a low minimum bet, isn't it better to choose not to play slots for too long? I mean if you use a small bankroll and want to last longer in slot games it's the same as just wasting your bankroll unless you're just for fun when your bankroll starts to decrease by half of the total amount it would be better to stop for a while and continue the next day to still be able having fun.

Minimum bets is just used by people who just want to have fun playing. And they don't care to lose their capital since their main intention is to make their game last longer. i do this sometimes especially if my budget is tight and still want to gamble. But if you get bored with this since not everyone have same preference then its also better to set some target bets and also know when to stop so that it will not create big damage if you are in unlucky state.

[Doan9269]

I personally prefer using the smallest bet possible when I'm playing slots because that would allow me to have as many spins as possible since which will increase my chances of maybe hitting a big multiplier because it sometimes takes time.

What you're getting here is that if you stay longer in the game, you'll have more fun. However, if we base it on the real chances of winning, since slots have a house edge, that means the longer you gamble, the lower your chance of winning will become. It's pretty opposite to your expectation, though.

simply put the longer it lasts the house will win.

If you really want to bet a low minimum bet, isn't it better to choose not to play slots for too long? I mean if you use a small bankroll and want to last longer in slot games it's the same as just wasting your bankroll unless you're just for fun when your bankroll starts to decrease by half of the total amount it would be better to stop for a while and continue the next day to still be able having fun.

There's no how you will have enough bankroll in your casino wallet and not spend more time gambling and the more the time the more the money you spend gambling, while best decision here for you is to tume yourself such that the moment your bankroll has been exhausted then that ends the whole show for the day, but as long as you keep having enough, it may be difficult for you to put a stop because it will be fun to you while before you realized you have gone far in spending.

[Blitzboy]

Interesting perspective, however, I'd argue that the percentage of the bankroll used for bets should not be rigidly fixed. Factors such as risk tolerance, knowledge of the game, and personal financial situation can all influence this decision.

When it comes to depositing and withdrawing, I'd advocate for responsible gambling practices. This could mean only depositing the exact amount intended for gambling, to ensure you're not tempted to exceed your budget. Discipline is key in any form of gambling and should not be underestimated.

[tokeweed]

Unfortunately, I don't use percentages when playing gambling. If I deposit $30, I won't spend it all at once but will only bet $10 for a while, and whatever the outcome, I'll quit right away. I rarely spend a single deposit to play gambling because I will leave some balance so I can use it to play gambling another day. But sometimes, I gamble over $10 because I know I still have more balance in my betting account, so I'm okay if I somehow lose more than $10.

That's good for hobby players like most of us in the gambling section.  But if somebody wants to make a living or a side hustle out of something like poker then good bankroll management is a must.  I can't speak for anything else but in poker it's always a good idea to have 20 buy ins for the stake you play.  And that's for keeping it simple by playing TAG.  If you want to play a little looser, be more aggressive and fight for more pots then I'd say go for at least 30 buy ins.

And that's just for NLHE...  For PLO it goes higher.  For short deck another notch higher as the edges get closer and the variance go higher.

I can't imagine if someone wants to make a living from gambling as a poker player because that person must have very high poker playing skills to beat opponents. And he must also have greater capital to advance to the next round.

That's why it's better not to use a lot of money to gamble and try to finish the game before the money runs out. We don't know when we will win, but defeat can come at any time, so we have to be able to manage when we have to stop.

It was easier to do during the poker boom, around 2003 - 2008.  That was a good window of making a lot of money from poker as close to more than 90% of the online players sucked.  One could go deposit 100 bucks to a poker site and grind their way up to high stakes online within a year if they worked hard enough on their game.  2009 and beyond was when it got a bit harder as poker training site become more popular.  Everybody started to play tighter and more aggressive.  

I see the same parallels with poker and in trading crypto.  There will come a time when the easy money won't be as easy anymore.  So make as much as you can now and save up.

[tusandii]

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simply put the longer it lasts the house will win.

If you really want to bet a low minimum bet, isn't it better to choose not to play slots for too long? I mean if you use a small bankroll and want to last longer in slot games it's the same as just wasting your bankroll unless you're just for fun when your bankroll starts to decrease by half of the total amount it would be better to stop for a while and continue the next day to still be able having fun.

True, I agree with your opinion that the longer we play, the more money we will lose and in the end the house edge will be more profitable.

There are several types of slot games that have very low minimum bets so that with a small bankroll we can still play for a long time and get fun, especially if you choose a slot that has a very high RTP, the game can be even longer.
But everything depends on the gambler's goals, whether he wants to play with the desire to have fun or to get some profit.

[Eureka_07]

What percentage of your bankroll are using as your bet size. I read an article online before that 1% to 3% is the ideal for low risk gambling while 4% to 5% for aggressive gambling. I use the aggressive type bankroll management on most of my game because I’m always bored playing with minimum bets or low percentage of my bankroll because I knew that house edge will kill me long term.

Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.

I think it should be depending on what game you are betting. Personally, my bets from slots are usually less than 1% of my bankroll. Oh, if I purchased the bonus feature, that would mean that it is around 15% to 25% of my bankroll. So, mine is 1% to 20% which is from low risk to high risk. It really does depends on how you want to play. I don't actually compute for the percentage from my bankroll, rather I set how much I can bet depending on how much bankroll I have, but I only do it mostly if I am in the losing bets streak, hoping that the next reels will bring a bigger win.

[Ziskinberg]

What percentage of your bankroll are using as your bet size. I read an article online before that 1% to 3% is the ideal for low risk gambling while 4% to 5% for aggressive gambling. I use the aggressive type bankroll management on most of my game because I’m always bored playing with minimum bets or low percentage of my bankroll because I knew that house edge will kill me long term.

Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.

I think it should be depending on what game you are betting. Personally, my bets from slots are usually less than 1% of my bankroll. Oh, if I purchased the bonus feature, that would mean that it is around 15% to 25% of my bankroll. So, mine is 1% to 20% which is from low risk to high risk. It really does depends on how you want to play. I don't actually compute for the percentage from my bankroll, rather I set how much I can bet depending on how much bankroll I have, but I only do it mostly if I am in the losing bets streak, hoping that the next reels will bring a bigger win.

I think OP was probably referring to sports betting because 1% to 5% is just a small amount of your total bankroll if you are playing slots. Also, in sports betting, your bankroll is not usually for a one-day gambling activity; it's for the long term. That's why some sports bettors have a decent bankroll for the entire season of a certain sport.

[Finestream]

What percentage of your bankroll are using as your bet size. I read an article online before that 1% to 3% is the ideal for low risk gambling while 4% to 5% for aggressive gambling. I use the aggressive type bankroll management on most of my game because I’m always bored playing with minimum bets or low percentage of my bankroll because I knew that house edge will kill me long term.

Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.

During the height of my addiction, let's say on the slots machine, I'll always do max bet whenever I can. So I don't look at the the percentage, as long as the money or the capital is good enough for me to run and bet on max, then I will do it until the money was swept under me, or I got lucky and win big and continue on my high roller style.

However now? nah, yeah maybe just 1%-3%, I'm no longer that attach or look for big wins, most of the time I just played slots with small bankroll and just to have some fun. And if the money is lost, then I'll just sleep over and try to play if I feel like to.

Just the same with mine too. I was very aggressive with gambling at first and just gamble with most of my salary. I do maximum betting because I always believe that you can’t go for big wins if you settle for small bets, that’s why I mostly bet with huge capital. Until I see myself losing a lot from gambling and even used up all my hard-earned money, that’s the time I start reducing my betting amount until I get used to it. Now, I just gamble whenever I have extra money, and whenever I have positive feeling that I’ll be lucky enough to win even just small amount. It’s a good thing actually that I consider gambling now as more of a pleasure than seeing it as a source of living.

[goldkingcoiner]

What percentage of your bankroll are using as your bet size. I read an article online before that 1% to 3% is the ideal for low risk gambling while 4% to 5% for aggressive gambling. I use the aggressive type bankroll management on most of my game because I’m always bored playing with minimum bets or low percentage of my bankroll because I knew that house edge will kill me long term.

Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.

I use 10% of my income, divide that by the number of days in the month and divide that number by the amount of times I would like to bet. For slots for example, it depends. Do I want to play 10 minutes of slots or one hour? Some days I might like to play longer other days not so much. So If I only want to play 1 minute for the day, I divide the daily gambling funds into 10 spins.

I self discipline myself by making sure I do not gamble more than the daily gambling funds. That way I will not go out of control when it comes to losing money.

But that is just my method, to each his/her own.

[klidex]

What percentage of your bankroll are using as your bet size. I read an article online before that 1% to 3% is the ideal for low risk gambling while 4% to 5% for aggressive gambling. I use the aggressive type bankroll management on most of my game because I’m always bored playing with minimum bets or low percentage of my bankroll because I knew that house edge will kill me long term.

Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.

During the height of my addiction, let's say on the slots machine, I'll always do max bet whenever I can. So I don't look at the the percentage, as long as the money or the capital is good enough for me to run and bet on max, then I will do it until the money was swept under me, or I got lucky and win big and continue on my high roller style.

However now? nah, yeah maybe just 1%-3%, I'm no longer that attach or look for big wins, most of the time I just played slots with small bankroll and just to have some fun. And if the money is lost, then I'll just sleep over and try to play if I feel like to.

Just the same with mine too. I was very aggressive with gambling at first and just gamble with most of my salary. I do maximum betting because I always believe that you can’t go for big wins if you settle for small bets, that’s why I mostly bet with huge capital. Until I see myself losing a lot from gambling and even used up all my hard-earned money, that’s the time I start reducing my betting amount until I get used to it. Now, I just gamble whenever I have extra money, and whenever I have positive feeling that I’ll be lucky enough to win even just small amount. It’s a good thing actually that I consider gambling now as more of a pleasure than seeing it as a source of living.

Big wins only belong to those who are really capable of using large amounts of bets, that's very true.
I think it's greed or if not maybe the big amount for the rich is just a small amount.
But from all the experiences you have gone through, you will get a valuable lesson not to think too much about big wins, so you have to have a big bankroll to get them.
Always remember that gambling is not far from luck, the better for me.

[QueenVera]

What percentage of your bankroll are using as your bet size. I read an article online before that 1% to 3% is the ideal for low risk gambling while 4% to 5% for aggressive gambling. I use the aggressive type bankroll management on most of my game because I’m always bored playing with minimum bets or low percentage of my bankroll because I knew that house edge will kill me long term.

Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.

I fall in the categories you've  mentioned above and shamefully I think  I'm a victim of all the examples you listed above.
I wouldn't dare to gamble even 15% of my bank roll, for what purposes will I be tempted to gamble with such huge amount of money and that's because I try as much as possible  to only gamble with money  i can afford to loss.
There are times and periods  that my gambling  will be very random and I just go ahead to gamble recklessly  and most times I also smile to the bank as well.

I wouldn't  advice anyone to use all of their bank roll just for gambling in an industry  you know that nothing is guaranty.

[Fivestar4everMVP]

Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.

First, I think my mood has an important role to play when it comes to how I manage my bankroll while gambling, but then, the most i do frequently is that I am more of a random better, meaning I mostly bet random amount, it's all depends on how I feel about a turn, or what my instinct tells me to do.

And for the deposit, I usually make available an amount of money which I've decided to gamble with, then deposit that exact amount to the casino and do my gambling, I don't add any thing extra or subtract, this helps me keep track of my gambling activities - finance wise.

[Fatunad]

What percentage of your bankroll are using as your bet size. I read an article online before that 1% to 3% is the ideal for low risk gambling while 4% to 5% for aggressive gambling. I use the aggressive type bankroll management on most of my game because I’m always bored playing with minimum bets or low percentage of my bankroll because I knew that house edge will kill me long term.

Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.

During the height of my addiction, let's say on the slots machine, I'll always do max bet whenever I can. So I don't look at the the percentage, as long as the money or the capital is good enough for me to run and bet on max, then I will do it until the money was swept under me, or I got lucky and win big and continue on my high roller style.

However now? nah, yeah maybe just 1%-3%, I'm no longer that attach or look for big wins, most of the time I just played slots with small bankroll and just to have some fun. And if the money is lost, then I'll just sleep over and try to play if I feel like to.

Just the same with mine too. I was very aggressive with gambling at first and just gamble with most of my salary. I do maximum betting because I always believe that you can’t go for big wins if you settle for small bets, that’s why I mostly bet with huge capital. Until I see myself losing a lot from gambling and even used up all my hard-earned money, that’s the time I start reducing my betting amount until I get used to it. Now, I just gamble whenever I have extra money, and whenever I have positive feeling that I’ll be lucky enough to win even just small amount. It’s a good thing actually that I consider gambling now as more of a pleasure than seeing it as a source of living.

Big wins only belong to those who are really capable of using large amounts of bets, that's very true.
I think it's greed or if not maybe the big amount for the rich is just a small amount.
But from all the experiences you have gone through, you will get a valuable lesson not to think too much about big wins, so you have to have a big bankroll to get them.
Always remember that gambling is not far from luck, the better for me.

Also into those people who do hit up the jackpots even with that mere or small amount then you would definitely be able to hit up those big amounts which every gambler do really wish for and its true that this one is the sole reason on why we do really make ourselves that greedy. Gamble for fun and not make yourself that way too desperate when it comes to hit some wins because if you do foresee yourself on this way then this would really be creating such desperation on which it would really be resulting into more losses because you would really be trying out to hit up those jackpots desperately.
Bankroll management is crucial when it comes to gambling on which you would be deciding if you wanted to prolong your gambling sessions or would really be just tending to end it on few bets
via doing those huge percentage per bet on your overall bankroll. Just remember though that you shouldnt really be spending up that much or into something that you cant really afford to lose.

[darewaller]

Minimum bets is just used by people who just want to have fun playing. And they don't care to lose their capital since their main intention is to make their game last longer. i do this sometimes especially if my budget is tight and still want to gamble. But if you get bored with this since not everyone have same preference then its also better to set some target bets and also know when to stop so that it will not create big damage if you are in unlucky state.

I think that's totally understandable approach to gambling though, as long as you are gambling that means you are not losing, because it means you are getting something back. Remember it is not just about the money, we don't do everything we do just for money, we pay people something and we get something back in return, you go to butcher and pay and get meat, you go to barber and pay to get a haircut, if you could prolong your gambling as long as you can that would make it like you pay the casino to gamble, think of it like that.

That's what bankroll management means, you should be getting more out of it then the money you put, this amount changes based on your wealth, but as long as you think you got what you wanted out of it, then the money you lost means nothing.