Winning Wisely: Strategies to Protect Your Bankroll

[raybucks]

I have created a pdf of this rule for me which I am sharing with you. I hope you find it useful.

• Maintain a sensible approach. Avoid chasing excessive profits that could lead to a complete loss.
• Remember that not losing is often more advantageous than risking it all.

• When luck isn't on your side, consider an immediate pause to prevent further losses.
• It's crucial to recognize that consistent daily profits are unlikely. Don't jeopardize your entire balance just to chase them.
• Understand that all games involve an element of randomness, making it wise to cease betting after securing a win within a range of acceptable losses.
• Don't push your luck beyond the maximum acceptable losing streak. Waiting too long often results in significant losses.
• For instance, if you're playing a game with a 3x payout, the safe losing streak might be 18, and the maximum losing streak might be 24. If you experience a losing streak exceeding the safe limit, followed by a win, consider stopping your bets.
• Be aware that extended losing streaks tend to get worse, and it's challenging to predict when they'll surpass the maximum threshold.
• Avoid waiting for a substantial payoff after a prolonged losing streak. Cut your losses before they deplete your bankroll. It's likely that bets close to a quarter of your balance will lead to losses most of the time.
  Adjust your bet sizes to ensure that one or two wins can recover more than your previous losses. Avoid excessive greed.
• Recognize that the house often aims to lure you away from your strategy, leading you into their designed plan to deplete your funds quickly.

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.

[Hatchy]

Another one of same repeated topics here in gambling section. I think a lot of users keep spamming this board with repeated topics.

Nevertheless, all the points mentioned above are essential guidelines to follow when entering the world of betting. Luck, managing risks, practicing self-control, setting limits on your bets, and avoiding addiction all play vital roles in betting or gambling. It's important not to rely solely on winning because there are no guarantees, and this is where luck becomes a factor.

[Oshosondy]

When luck isn't on your side, consider an immediate pause to prevent further losses.

If you have won too, it is good to stop gambling because the day that has been going good could be ended in losses.

Don't push your luck beyond the maximum acceptable losing streak. Waiting too long often results in significant losses.

Yes this is the time to lose more. Some people will become very emotional and lose all their money in bank or on a wallet.

What I did that has been so helpful is the gambling budget that I set which is 5% or less of my weekly income. It has been helping and the reason I have been reiterating it on this forum.

[Wapfika]

When luck isn't on your side, consider an immediate pause to prevent further losses

This will really save a lot of money from gambler if they will apply this. I observed that many gambler is indeed losing due to not being patient and chasing the huge win even though they are not lucky with their current bet result.

I was a victim of this too when I have consistent lose streak while I’m doing martingale strategy. I keep chasing and chasing until my bankroll deplete then my last roll using a penny bet makes it a win which will be a huge profit if I still have a bankroll to cover my strategy. My whole bankroll will be safe if Just didn’t push my luck to the limit and just pause for the day.

[swogerino]

When luck isn't on your side, consider an immediate pause to prevent further losses

This will really save a lot of money from gambler if they will apply this. I observed that many gambler is indeed losing due to not being patient and chasing the huge win even though they are not lucky with their current bet result.

I was a victim of this too when I have consistent lose streak while I’m doing martingale strategy. I keep chasing and chasing until my bankroll deplete then my last roll using a penny bet makes it a win which will be a huge profit if I still have a bankroll to cover my strategy. My whole bankroll will be safe if Just didn’t push my luck to the limit and just pause for the day.

That word "consider" is a really nice one as most of us do not think about anything else when we are playing and losing money that we only want to continue playing getting that bigger win which will make all those lost bets a memory.The reality though is at least in personal experience that any time I try to do that I keep losing all the balance.Last week I entered with an idea to play just 300.000 IDR in total no matter what would happen and I choose Sweet Bonanza as my beloved slot,I got to win and got to IDR 2.500.000 and after that greed got the best out of me and lost it all.

I will make sure to put that in my desktop when playing that golden rule above.

[coin-investor]

I have created a pdf of this rule for me which I am sharing with you. I hope you find it useful.

So how is your success rate following these rules are you reading these daily or memorizing them?
Honestly, there is no such thing as a perfect gambler even if you cultivate your character and discipline yourself you will come to a point where you relax and follow your instinct even if you're losing, it's hard to contain your desire, and passion when you're in the middle of wanting to stop and wanting to go on, sometimes the want to go wins.

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.

Not really easy especially if you're winning, you sometimes think of the money you've lost and you think that it's the right time to recover and most of the time end up not on what you expect to end, anyone can compile a list of what to do but it's very challenging to follow all that's on the list, we are just human.

[Gozie51]

• When luck isn't on your side, consider an immediate pause to prevent further losses.
• Don't push your luck beyond the maximum acceptable losing streak. Waiting too long often results in significant losses.

This is another thread that reiterates the luck factor in gambling and I agree with this. Most of the points listed are what have come up here and gamblers who are experienced keep to them.

Like you mentioned about luck, some times when playing and losing in gambling, we need to listen to that third voice that tells us to quit or exit for the main time and that is what to follow to avoid further loses when we keep playing. The luck factor is always there while gambling and when it is not going our way then we have to stay out. Staying out helps to get us to reorganize, plan and relaunch again with a clear mind and not for the shake of chasing what we have lost.

[Cantsay]

This is a little better than other threads/guides that have been created, talking about how to go through a gambling session without having to experience any losses on games that are based on luck.

I have created a pdf of this rule for me which I am sharing with you. I hope you find it useful.

How about you create a blog site and add it there? You could just make it into several blogs and post it there because most people might be skeptical about downloading a pdf from an unsecured source so just make the content open for everyone to view without downloading it.

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.

If I’m to summarize this post I would simply say; don’t be greedy, learn how to control your emotions, know when to call it a day, don’t chase losses, have basic knowledge of the game you’re playing don’t just go in without any knowledge…

[bitzizzix]

• When luck isn't on your side, consider an immediate pause to prevent further losses.
  

I always apply this when luck is on my side, even if it's just a little luck. I just play for fun and do it in my spare time, especially on the weekends when I'm stressed from five days of work, and I also just bet a few dollars and sometimes get lucky and walk away.
and when I lose a few dollars I always prepare capital consistently, when the capital runs out I don't continue and bet according to the capital I always prepare and don't increase it when I always lose. And all because I learned from the past not to continue betting when experiencing a fairly large losing streak, and regret it.

[cafter]

Reading each point in the thread and thinking deeply about it gave me useful advice, I agree with every point written in the OP
it's like a model for playing responsibly when you can't control your emotions when losing consistently every bet.

How about you create a blog site and add it there? You could just make it into several blogs and post it there because most people might be skeptical about downloading a pdf from an unsecured source so just make the content open for everyone to view without downloading it.

This thread is worth making a website about it or starting a blog about it. an article explaining each point is a good idea to start a blog

[AmoreJaz]

This is a little better than other threads/guides that have been created, talking about how to go through a gambling session without having to experience any losses on games that are based on luck.

I have created a pdf of this rule for me which I am sharing with you. I hope you find it useful.

How about you create a blog site and add it there? You could just make it into several blogs and post it there because most people might be skeptical about downloading a pdf from an unsecured source so just make the content open for everyone to view without downloading it.

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.

If I’m to summarize this post I would simply say; don’t be greedy, learn how to control your emotions, know when to call it a day, don’t chase losses, have basic knowledge of the game you’re playing don’t just go in without any knowledge…

yes, that would be better. a blog site would do. there are so many free sites now that you can use like wordpress.
those tips are simple and not new. however, gamblers need to be reminded of those simple things as most of the time, they can easily lose their way once they are too deep with their games.
if those tips are in some way assisting the OP not to be financially in trouble, then, it means, such tips are working for him and he needs to keep reminding himself about those tips.

[Nwada001]

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.

Among everything else mentioned, I think this part plays a very important role in gambling as it affects the decision-making process, which might in turn make one take a very bad decision that can turn out to be a negative gambling result. If one can learn how to control their emotions, then I think everything else can be followed, as they can be simple to obey.
 
The joy that comes with winning a ticket, especially when the winning price is high, can literally take someone to another level, which can make them think that all tickets can have the same result and it's their time to shine that very day. They might end up continuously betting, which might result in losing the entire price that very day, added together with their deposited amount.
 
It can also happen the same way when it comes to losing too. One can get very angry to the extent that they will just have to keep on trying to make sure that they can recover a few amounts from what they have lost that very day, which they might just end up losing more of. So if one can be able to overcome sad emotions and don't allow them to affect their decision, then they can survive the gambling system.

[Haunebu]

None of the information that you shared isn't exactly new op since it's all common sense and almost anyone with a half-decent brain knows it all. Gambling sites themselves share some of these guidelines now and then.

What you need to understand is the fact that most gamblers will always toss the rules aside thanks to their unending greed.

[Accardo]

I have created a pdf of this rule for me which I am sharing with you. I hope you find it useful.

So how is your success rate following these rules are you reading these daily or memorizing them?
Honestly, there is no such thing as a perfect gambler even if you cultivate your character and discipline yourself you will come to a point where you relax and follow your instinct even if you're losing, it's hard to contain your desire, and passion when you're in the middle of wanting to stop and wanting to go on, sometimes the want to go wins.

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.

Not really easy especially if you're winning, you sometimes think of the money you've lost and you think that it's the right time to recover and most of the time end up not on what you expect to end, anyone can compile a list of what to do but it's very challenging to follow all that's on the list, we are just human.

I noticed this he didn't add after writing his multiple rules. Although, his reactions to that is not stated, memorizing lists of rules, may not be the catalyst of enforcing those rules or abiding by it while gambling. Strategies should be personal. If he wishes to share them, with other players, it's not necessary we follow it. Because we're not sure 100% that what he stated or shared with us is what he really does. The truth is that successful players, professional gamblers hide their strategies. It's left for any other player, to figure out what works. Then implement them into practice. It could be just few sentences, when written down that'll be easy to memorize. We win according to our losses. Most times I fail my instinct and end up not winning. And vice versa. No perfect right technique. We must adjust our moves consistently to stay winning than losing. Perfecting a technique and tagging it as the ultimate gambling technique, is wrong. It'll create losses to multiple players, who utilize same strategy. Gambling is a game of changes, the house change their techniques often, so should players. Hence, following another player's rule can be wrong. But, in some cases like a physical casino, the person sitting next to you can chip in accurate prediction. Yet, the problem lies on if the player will listen to their neighbor. This example explains better why people may not rely on rules. As it doesn't seem right with their own idea and prediction. It's like telling or advising people how to spend their funds. I've read about players who don't care whether they win or lose. I don't think any gambling technique will interest them. That's human like you said. Ideas and behaviors don't exactly match. Expect to see different reactions on the gambling experience of those following your techniques. Which shows the vast difference or uniqueness in the operation of casinos and players on a single technique. A machine in one casino may not perform like others in another casino. If a player gets advantage winning by playing bad machines, and shares it as his technique. Would it be useful to a player who plays in a casino with good machines. He'll have to wait until a bad machine shows up.

[so98nn]

I think what you mentioned here is something we experience everyday while playing the games on gambling site. The loosing streak? Oh hell yeah it’s gonna hit hard now and then all the time. I have experienced it many times and turned off gambling for few days in the frustration so that I can calm myself from the bad experience further. There are no such proven methods to beat the system so it’s better to play with integrity, fun and few personal strategies now and then. I mean House edge will act on everyone with different set of rules. One account might be earning hell lot of money and one might be loosing at an alarming rates and thus House edge will try to give back to loosing account for some streak ahead. But let’s not make a big deal out of it. Gamblings sites are fool proof, no way to beat them. Just play and have fun along the way.

[Odusko]

When luck isn't on your side, consider an immediate pause to prevent further losses.

If you have won too, it is good to stop gambling because the day that has been going good could be ended in losses.

Don't push your luck beyond the maximum acceptable losing streak. Waiting too long often results in significant losses.

Yes this is the time to lose more. Some people will become very emotional and lose all their money in bank or on a wallet.

What I did that has been so helpful is the gambling budget that I set which is 5% or less of my weekly income. It has been helping and the reason I have been reiterating it on this forum.

Have been a victim of the excessive push of lock in days where i feel my luck is on the high spirited, this happens to me mostly in sportbetting, some days i make multiple games selections and I become lucky to win a substantial amount in the process, instead taking a break, I decided to play more and in that process, o eventually will lose and it I don't stop may lose everything I won in previous bets.
This experience has taught me some lessons and now I will never consider chasing any direction in gambling be it winning or chasing loss, this has created more cius than it helps the time and for any experienced gambler already knows this and tries to avoid practising  such approach in gambling because it won't help

[knowngunman]

Act promptly if your emotions start influencing your decisions. Both excessive fear and greed pose significant risks.

Not really easy especially if you're winning, you sometimes think of the money you've lost and you think that it's the right time to recover and most of the time end up not on what you expect to end, anyone can compile a list of what to do but it's very challenging to follow all that's on the list, we are just human.

Well, one way to manage emotions when it comes to gambling is to set limits for yourself. Decide ahead of time how much money you're willing to spend and how much time you're willing to spend gambling. And it's not only about setting the limit and time but sticking to those limits is more important than necessary, even if you're feeling greedy or afraid. Some time it is also necessary to take regular breaks from gambling, so you can clear your head and make decisions based on logic rather than emotion though it is difficult to separate emotion from gambling.

In case you are lucky enough to win on a regular basis, make sure to set aside a portion of your winnings for other purposes, like paying bills or saving for the future gambling. Again, despite your winning streaks, gambling is not a source of income and you should not rely on it to survive.

[348Judah]

The summary should be that, we are the ones to be responsible for our bankroll circumstances and not the casinos because if we didn't grant the permission for anything, there will be nothing to see come to effect, let the amount you can afford to gamble with be your deposit, then try as much as possible to make sure that you provide all the necessary informations for your KYC requirements in using their platform, have a daily limit to betting amount and withdrawal strategy as well.

[Wiwo]

• When luck isn't on your side, consider an immediate pause to prevent further losses.
• Don't push your luck beyond the maximum acceptable losing streak. Waiting too long often results in significant losses.

This is another thread that reiterates the luck factor in gambling and I agree with this. Most of the points listed are what have come up here and gamblers who are experienced keep to them.

Like you mentioned about luck, some times when playing and losing in gambling, we need to listen to that third voice that tells us to quit or exit for the main time and that is what to follow to avoid further loses when we keep playing. The luck factor is always there while gambling and when it is not going our way then we have to stay out. Staying out helps to get us to reorganize, plan and relaunch again with a clear mind and not for the shake of chasing what we have lost.

Sometimes,  I can't but to wonder why we as gamblers give so much attention a d expectation to luck factor while gambling,  although gambling being an unpredictable event who's outcome is mostly luck based,  but we can not also undermine the place of skills in aiding the winning of some games where there is a need to apply some form of tactical approach to aid it winning unlike in case of games which are based on luck mentioned.

So while we rely as much as we can on the luck factor,  we should also take into considerations the possibility of increasing our chance to win if we apply the right tecnics when it needed to help our winning chances.

[aioc]

Not really new, we all know these things but I doubt if OP memorizes this and put it in his heart while playing, everything goes to the window when you are carried away playing, let's be honest with ourselves we cannot implement every rule we laid out that we consider are safe for us to be responsible gambler we can only give effort until our effort accumulate and we become a responsible gambler.

But even if we think we are responsible gamblers there will always be a time that we lose control of ourselves, I'm not perfect and I don't think anyone can claim he is a perfect gambler, we can only try our best, and hope our best is enough to control our impulsiveness.