Winning Wisely: Strategies to Protect Your Bankroll

[arwin100]

• 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.

We need to look after with that since playing base on current situation sometimes plays some role since it can dictate on how our game flows. If we encounter to much losses for sure the first thing came up on our mind is to quit because we are badly hurt with the losses we encounter. But if they are lucky then provably we might extend or bet some more because we think to accumulate more and take advantage of winning situation. Tactical approach what you called is important since it can make us think smart to follow the strategies we want to try but we cannot rely on this since on gambling we all know that most of the time result shown is random and we can't do anything with it if result will not be in favor to us.

[kingvirtus09]

I only know one thing for a gambler to play wisely: when he wins between $30 and $50, maybe it's a warning to stop; don't try to continue, because what frequently happens to those who continue even after winning is that they finally lose. Numerous gamblers have experienced this numerous times.

Due to their false belief that they can defeat the banker, most gamblers get even more ecstatic and increase their wagers after a win.

[cafter]

I only know one thing for a gambler to play wisely: when he wins between $30 and $50, maybe it's a warning to stop; don't try to continue, because what frequently happens to those who continue even after winning is that they finally lose. Numerous gamblers have experienced this numerous times. You need to take percentage as a example instead the amount.

Due to their false belief that they can defeat the banker, most gamblers get even more ecstatic and increase their wagers after a win.

The exact amount you shared that between $30 to $50 is depend on the player's bankroll, if he is playing with $100 and won $50 then he need to stop at this point, but when the players bankroll is more than $100 like $100k then he need to stop according to that amount. I have taken 50% as a example in this case, so the player needs to stop at $50k,  because it is 50% of 100k which is very reasonable amount. to disturb the psychology of the player and make him lose by playing more games in greed of making it 2x.

[dothebeats]

None of these repetitive threads matter if the gambler won't even do the slightest effort to make sure that they are practicing what they preach. It's a mentality thing, and even if you have laid down your 'strategies' neatly and used colorful words to attract other gamblers to do the same as you, your efforts are wasted if you keep getting defeated by your mentality that you can do this thing without trying at the least to do it.

I'd rather play without a plan but know when to stop rather than play with a concrete plan and ditch them out just because I believe I can win the next roll.

[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.

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.

Talking about skills take for instance in soccer, luck is well pronounced in it. I watched Arsenal and Manchester city game yesterday and I saw how it went, causing many gamblers that predicted on the side of mancity to lose their bet. That is the point of luck in gambling.

If skills is most important in betting especially in soccer, it means almost every soccer pundits would then be winning their bets week in and week out. They could go together but on a more serious note we have seen big teams loosing against underdogs and that doesn't have a place of skill in that.

[iv4n]

Words like smart & wise are hard to combine with gambling... We all know that old saying that the only way to win in gambling is to not place a bet, everything else is just gambling and can take us both ways. So it's on us to try out different strategies, it's smart & wise to risk only what we can afford to lose and to stop if things get crazy, but all that is hard when we start playing and excitement overcomes us.

I don't think it's smart to take gambling too seriously and to expect too much from it... sooner or later you will be disappointed. I guess this especially works with lucky-based games. With poker and sports betting things are different, but even that can be tricky when a bad streak comes.

[Porfirii]

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.

You are right, and that's where many gamblers fail. According to the theory what explains why the martingale doesn't work, you can always continue betting when you win (there is no limit), but that's not the case when you lose (there is a very clear floor: the bankruptcy).

If you quit when you lost enough, but keep gambling when you won big, until you lose it, you'll never really win. And it will happen, sooner or later, because of the effect called regression to the mean.

[Fivestar4everMVP]

Though I believe that if this rules are carefully and effectively applied to our gambling and betting each and every day and time we gamble, it will indeed make us responsible gamblers, and not just responsible, but may also make us win much more than we lose.

But its rather unfortunate that gambling is so designed in our minds in such a manner that once we start gambling, we easily forget all of this rules, the only thing usually in the mind of the gambler is nothing else but how to win the game.

Based on what I said above, what i do think is the golden rule, and will continue to be the golden rule in gambling is, Never to gamble with money one can not afford to lose. its as simple as this, because no matter what strategy we come up with in gambling, there surly will always be wins and loses, and losses can sure become a big problem for the gambler when the money lost is one the gambler never planned losing.

So no matter the rules we all follow or apply to our day to day gambling, we should never forget the golden rule which again, Never gamble with money you can not afford to lose.

[darkangel11]

Some of your advice are very general and not telling us anything that we can use. I feel like you've made them to have something to write about.

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

How are we going to know luck is not on our side? If I start playing dice and first to rolls are losses does that mean I should stop playing because it's not my day? If I get 2L, 1W, 2L? Is it not my day? Should I quit? What if there's 2W waiting around the corner?
How do you know if you're lucky or not without losing or wining a significant amount of money?

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

I thought I was to pause when I lose a few times, but now you say I should first reach the maximum losing streak before I stop?

• 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.

If I ever waited to reach 24L in a row, I'd be broke by now.
Even if someone follows your advice and quits after max losing streak, he'll lose a lot of money at that 24L streak. You haven't saved that person with this advice. 24L in a row is game over, even if you bet $1 per round. If someone uses Martingale and gets that, they're screwed.

[mirakal]

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.

Well, if all gamblers know when to take a break from gambling when they feel luck is not there, most likely there will be no gamblers end up penniless and homeless just because they keep on chasing for a big win. Because what is happening today is exactly the opposite. Instead of cutting their losses when they see there’s no chances to be lucky, they even push theirselves to gamble more hoping that they will still be profitable in the end. That is rare to happen as the casino’s house will always make sure to make them more profitable while leaving most of the gamblers at loss.

[shield132]

Though I believe that if this rules are carefully and effectively applied to our gambling and betting each and every day and time we gamble, it will indeed make us responsible gamblers, and not just responsible, but may also make us win much more than we lose.

Your win to loss ration can't be positive when you gamble, especially when you gamble regularly. No advice can stop your loses and increase profit, absolutely none, the only way to minimize loss is to minimize the number of coins you deposit, the frequency of deposits you make and just gamble as little as possible.

Btw the best deal is to only gamble for fun. Look at gambling like a commision you have to pay to play games. Never chase to win jackpot or increase your deposited amount. Just chill, relax and get some fun. Personally, I get fun from playing live casinos, it's a great experience when you play blackjack and interact with dealers at the same time.

[o48o]

-cut-

• 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.

Element of randomness? Are you saying you could pick patterns from it? Because most likely it's confirmation bias. Patterns are way more complicated for humans to see, so it's all random to us, even if machine woud be "in the giving phase"

• 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.

Only safe losing streak is when you ran out of your budged that you have set you before gamblng. Going over that and you will eventually get in trouble.

• 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.
• 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.

All of these are basically same advice said in different ways. But if you need more remiders on that i guess use what ever way suits you.[/list]

[erep]

I only know one thing for a gambler to play wisely: when he wins between $30 and $50, maybe it's a warning to stop; don't try to continue, because what frequently happens to those who continue even after winning is that they finally lose. Numerous gamblers have experienced this numerous times. You need to take percentage as a example instead the amount.

Due to their false belief that they can defeat the banker, most gamblers get even more ecstatic and increase their wagers after a win.

The exact amount you shared that between $30 to $50 is depend on the player's bankroll, if he is playing with $100 and won $50 then he need to stop at this point, but when the players bankroll is more than $100 like $100k then he need to stop according to that amount. I have taken 50% as a example in this case, so the player needs to stop at $50k,

The profit target you set is very realistic, but I suggest a profit of 20-30% is enough for daily profits because the higher you set the profit, the higher the potential for you to lose on the next bet, don't force yourself to reach the daily profit target, but as long as you don't lose then you have opportunity for profit tomorrow. You must remember that gambling wins are only due to luck, there are no predictions and there are no tools that guarantee you win on any bet.

[topbitcoin]

Emotions play a very important role in gambling. Without emotions when gambling, we will never get the sensation and pleasure again when gambling, so gambling will feel ordinary. However, if we are too emotional in gambling then this will plunge us into a black valley in gambling which will make us uncontrollable when gambling by continuing to increase the bet in order to achieve a big win in gambling, which in the end will only harm us. yourself both financially and in time.

So, when playing gambling, we really need to involve our emotions so that we can still feel the pleasure of gambling, but we also need to control these emotions to prevent unwanted things. And we also need to understand that whether gambling is good or not depends on how we understand and view gambling itself.

[Slow death]

The problem with this advice is that when people give it, they don't take the time and courage to also post proof of the things they're saying, so I wonder how they expect other people to believe this advice when they're not seeing any more proof, and I don't understand why People don't realize that in order to give advice and be able to help other people, they will need to post evidence. for example when someone wants to give advice on good bank management, then that person needs to post proof of how he was able to have good bank management, it wouldn't hurt for the person to post a photo of his account

in which in that same photo you had the account balance, the amounts deposited, the amounts you place on each bet, the profits and losses and the withdrawals, in addition to showing this, you could also organize everything in a spreadsheet and post it in this thread. With all this information, people who have difficulty managing their bankroll well will look at this data and start following it so that they can also achieve success in bankroll management.

now when people just appear here on the forum to just post things without any proof, then this will definitely be of great help, anyone can write a lot of advice, but few people can give any advice with proof. I hope that OP shows us proof and in the future all the people who come to give advice also show us proof, don't create many threads with theories, because most of the time the people who are giving such advice don't follow in practice what they are saying to other people do

[Lanatsa]

• 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.

We need to look after with that since playing base on current situation sometimes plays some role since it can dictate on how our game flows. If we encounter to much losses for sure the first thing came up on our mind is to quit because we are badly hurt with the losses we encounter. But if they are lucky then provably we might extend or bet some more because we think to accumulate more and take advantage of winning situation. Tactical approach what you called is important since it can make us think smart to follow the strategies we want to try but we cannot rely on this since on gambling we all know that most of the time result shown is random and we can't do anything with it if result will not be in favor to us.

You should really know on how to weigh in with your decisions whether you should stop or play a little bit more specially if you do see some chances or odds of recovery ( this is only applied on strategic games)
but if we are really that talking about luck based then it would really be just that normal that losing is really that something totally random and would really be on having that unpredictable results or outcomes
on which it would really be just that so normal that you would really be getting shocked.If you are already on the verge of which you are already that winning then it would really be just a normal approach that you should really be stopping and calling it a day and never ever push up yourself on playing further because those winnings of yours would really be taken back by the house if you arent that careful or really that wise on making up some decisions on stopping on that point.

Speaking about protecting your bankroll then when it comes to betting or setting out those base bets then act accordingly into your preference on which if you do have plans on trying out to
enjoy on the money or balance you do have then you should really be that something that trying out to make use of your balance wisely or in controlled manner. Doesnt matter if you do
lose as long the session that you would be having is much more longer compared when you do decide to make some all-in kind of betting on which its something that you could really be
able to see on most gamblers.

[CryptoHeadlineNews]

How are we going to know luck is not on our side? If I start playing dice and first to rolls are losses does that mean I should stop playing because it's not my day? If I get 2L, 1W, 2L? Is it not my day? Should I quit? What if there's 2W waiting around the corner?
How do you know if you're lucky or not without losing or wining a significant amount of money?

In that scenario, the best thing to do will be to gamble with the least amount of fund you know you are capable & willing to lose, and not having the mindset that you must continue gambling until you win the jackpot before you stop, which in most cases never comes. Moreover, I have seen people who won millions on their very first dice game to play, and likewise others who literally played multiple times and never won anything, so on that note it's always good to have a plan and know that in gambling, if it's not yet your time to win, you can keep playing and you will never win.

[BitcoinPanther]

• Maintain a sensible approach. Avoid chasing excessive profits that could lead to a complete loss.

I sometimes fail to follow this kind of sensible approach.  I have an experience depositing $20 and I am able to win around $300+  but due to the wanting to get at least $400 wins, I end up losing all my bankroll due to chasing wins.  It is indeed correct to be contented even on a small wins to be able to avoid the situation where we starts chasing losses.

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

This is somehow hard to determine.  I often experience in slot that I have to bet and loss several times before I start hitting bonus round. 

• It's crucial to recognize that consistent daily profits are unlikely. Don't jeopardize your entire balance just to chase them.

There is no such thing as consistent in gambling win or lose it is all random.


With all said, the bottom line is to moderate our gambling strategy, and be in control.  Don't let greed blind us.

[qwertyup23]

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.

Just to add some additional information, always set your gambling expenses to a limit. Only bring the amount of cash you are willing to lose in a given gambling activity for you to really be compelled to stop.

If a person gambles using their credit card, then withdraw cash first and leave your credit card at home. If a person gambles online, then only set a limited amount of money for the day in order to prevent any over expenditure on your part.

[paxmao]

I only know one thing for a gambler to play wisely: when he wins between $30 and $50, maybe it's a warning to stop; don't try to continue, because what frequently happens to those who continue even after winning is that they finally lose. Numerous gamblers have experienced this numerous times.

Due to their false belief that they can defeat the banker, most gamblers get even more ecstatic and increase their wagers after a win.

You can occassionally defeat the banker, but if you try to make this kind of a way of living, you should look for something easier. Even if you achieve some modest results, you will likely be removed from the game or your account cancelled or they will give you "withdrawal headaches". The chance games are specifically designed to make the banker win, so look for something else to do with your life seriously.