Sustainable Approach For Your Earnings in Gambling

[youdacapt]

When it comes to gambling; only one thing sets apart gamblers from one another and this is the next step after winning. For me, i follow this simple strategy.

• I have a go to plans, budget and i bet accordingly to that budget and plan
• Immediately i win a bet; i go on a 3-4 days betting strike, why? I use this time to spend my earnings as already scheduled
• For every bet earnings, i immediately withdraw 80% to my account for my scheduled plans; 5% for personal flaunts (You can call it enjoyment haha) and then i leave the remaining 15% to continue gambling into the next win.

With this approach, you will lead a successful gambling life, you will not spend all your winnings on "betting" and you will be able to point to one or two things in your life that you got with betting or gambling proceeds.

Do you think this is a good idea? Do you have a better idea?
Lets have it!

[1714992521]

1714992521

[1714992521]

1714992521

[1714992521]

1714992521

[Cantsay]

And what happens if you experience a losing streak?

It would have been a great guide if only you have control of your gambling outcome—> so if it turns out that you are not lucky and your game does not come out like you have planned this guide becomes somewhat useless.

[youdacapt]

And what happens if you experience a losing streak?

It would have been a great guide if only you have control of your gambling outcome—> so if it turns out that you are not lucky and your game does not come out like you have planned this guide becomes somewhat useless.

If you have a losing streak, you already "invested" your major earnings; this way you don't have to spend all gambling earnings on "gambling.
If you don't invest your gambling earnings elsewhere; you end up betting all wins on the loosing streak

[Oshosondy]

Do you think this is a good idea? Do you have a better idea?
Lets have it!

Sounds good but may not be that easy in reality. You did not mention anything like loss, you only mention winning and profit. This is how some people will go beyond their gambling budget and play more and lose more. But if you are able not to go beyond your gambling budget, it is a good idea but winning is not possible all the time.

[youdacapt]

Do you think this is a good idea? Do you have a better idea?
Lets have it!

Sounds good but may nit be that easy in reality. You did nit mention anything like loss, you only mention winning and profit. This is how some people will go beyond their gambling budget and play mire and lose more. But if you are able not to go beyond your gambling budget, it is a good idea but winning is nit possible all the time.

True, the context of the text is focusing on how gamblers spend their wins; in cases were losses is the dominant factor; theres really nothing to spend.
Would managing gambling profits better help gamblers more?

[Cantsay]

And what happens if you experience a losing streak?

It would have been a great guide if only you have control of your gambling outcome—> so if it turns out that you are not lucky and your game does not come out like you have planned this guide becomes somewhat useless.

If you have a losing streak, you already "invested" your major earnings; this way you don't have to spend all gambling earnings on "gambling.
If you don't invest your gambling earnings elsewhere; you end up betting all wins on the loosing streak

You never can tell if you’ll even have a single win in that session (depending on the game you’re betting on).

If you take slots for example, you can just log into your account fund it and as soon as you start to play you might just start experiencing losses and in such situations the idea of “investment” won’t really work.

[youdacapt]

And what happens if you experience a losing streak?

It would have been a great guide if only you have control of your gambling outcome—> so if it turns out that you are not lucky and your game does not come out like you have planned this guide becomes somewhat useless.

If you have a losing streak, you already "invested" your major earnings; this way you don't have to spend all gambling earnings on "gambling.
If you don't invest your gambling earnings elsewhere; you end up betting all wins on the loosing streak

You never can tell if you’ll even have a single win in that session (depending on the game you’re betting on).

If you take slots for example, you can just log into your account fund it and as soon as you start to play you might just start experiencing losses and in such situations the idea of “investment” won’t really work.

Humm, i think you still don't get the context; the context is factoring what you do, or lets say what to do after every gambling wins. E,G Bet 100 to win 1000; what you do with the 1000 before resuming gambling

[Lorokan]

Do you think this is a good idea? Do you have a better idea?
Lets have it!

I think next time, you should keep it simple hahaha

After reading your posts for like 5 times, i remembered a punters comments on twitter few months back, that i screenshot and kept for future referencing.
I hope you also do the same

See post below


"WHEN YOU WIN, BUY SOMETHING YOU NEED, OR BUY SOMETHING YOU CAN SEE EVERYDAY"

[AicecreaME]

This is more inclined to managing winnings and I guess this will really work out if you will have a winning streak and if you will bet a huge sum of money because that way, you'll really earn big time. Although if you experience a losing streak and leaves you having no balance or fund at all, you will be back at zero having to deposit an amount that could last you probably around several bets and plays that will satisfy you without breaking the bank.

But to be fair, that's the point. You win some, you enjoy some, and then you save some for the future or use it for something that is important and could add value to your life.

[Yaunfitda]

I'm not sure though if there is really a successful approach to gambling. Yes, you can manage risk, your funds and bankroll. But it's going to be very difficult, even if winning or losing, it's hard to quit and not continue to play to chase your losses or look for more win. The approach of the OP is good, no question about it, however, it is really applicable to the majority of the gamblers here?

What if you are in a losing streak? Will you just take a break and stop? or will continue to deposit for more and recoup (this is the mindset of the gambler). Unless you really have total control of your minds and emotions, which again very very hard to do. I just for the majority, if the money that you play is nothing, then just go and enjoy the game without making things complicated on you, specially your mentality.

[Odohu]

When it comes to gambling; only one thing sets apart gamblers from one another and this is the next step after winning. For me, i follow this simple strategy.

• I have a go to plans, budget and i bet accordingly to that budget and plan
• Immediately i win a bet; i go on a 3-4 days betting strike, why? I use this time to spend my earnings as already scheduled
• For every bet earnings, i immediately withdraw 80% to my account for my scheduled plans; 5% for personal flaunts (You can call it enjoyment haha) and then i leave the remaining 15% to continue gambling into the next win.

I have stated on several threads that gambling requires strategy and not only luck. This is a practical case of strategy that works! The aspect of taking a break after a major win is the secret to sustaining the money because many people give it all back by increasing their staking power and number of bets; it is truly a major mistake. I also apply your principle with the only difference being that I don't go on a break but I reduce my staking amount significantly whenever I have major win after withdrawing 90% of the money won.

[Fivestar4everMVP]

With this approach, you will lead a successful gambling life, you will not spend all your winnings on "betting" and you will be able to point to one or two things in your life that you got with betting or gambling proceeds.

Do you think this is a good idea? Do you have a better idea?
Lets have it!

This would have been a very good idea if only it worked all the time and for everyone..

before I proceed, one question I will love to ask is, after withdrawing the supposed 80 plus 5 percent of your winnings to your account for personal spending, which leaves you with just 15 percent of the fund on your casino account to continue gambling with, what do you do if luck is not on your side and you end up losing the remaining 15 percent of the fund, do you make another deposit to continue gambling or do you just forget about gambling altogether?

Like i said before, what you shared would have been a good idea if only it would work for everyone all the time, and I also wish I had a better idea of what really works, But one certain in gambling is that, what ever strategy we implore to help either win or save what we have won, we still need luck, for without luck, it is difficult to come out of gambling profitable at the end the day.

[Plaguedeath]

• For every bet earnings, i immediately withdraw 80% to my account for my scheduled plans; 5% for personal flaunts (You can call it enjoyment haha) and then i leave the remaining 15% to continue gambling into the next win.

Usually a gambler will try to increase their bankroll whenever they win, but I will assume you will use a same amount even you're win.

Let's say you start with $50, if you only leave 15% for gambling from your total winnings, it means you're need to earn $283 since $333 x 15% is $50. It sounds to good to be true, you're making it like your mostly win over lose.

[ralle14]

You could make your strategy work, but it can still fail more than you expect because it still depends on how well you can hit your bets and manage your stakes. It's good to know when we should cash out our profits at the right moment, but it's not enough if we lack in the other parts of sports betting or gambling overall.

Also, losing streaks and losing sessions could go on for a very long time, so investing elsewhere won't stop the bleeding unless you can consistently win more than you lose.

[Frankolala]

Gambling is more of loss than wins, yet you only came out with your winning plans. What about your plan on how to minimize your loss. Winning is based on luck and one wouldn't know when will be your lucky day.

Gambling is not one side, which is all about winning that is why you must also consider your loss too before any strategy that you want to come up with. I loss more than I win when I gamble and I have also gamble for straight two months, that I didn't have any win. That is why this your winning strategy is easy said than done.

[Jemzx00]

You could make your strategy work, but it can still fail more than you expect because it still depends on how well you can hit your bets and manage your stakes. It's good to know when we should cash out our profits at the right moment, but it's not enough if we lack in the other parts of sports betting or gambling overall.

Also, losing streaks and losing sessions could go on for a very long time, so investing elsewhere won't stop the bleeding unless you can consistently win more than you lose.

This strategy is easier said than done, just like how most of us here who says to stick with the budget but will always go overboard when hit with a losing streak and lost control.

Also, it isn't always easy to just cash out when winning as most of us tends to continue betting even when winning significant amount until you notice you're losing and stop playing to cash out the remainder of your winnings.

Lastly, losing streaks are much more common to happen than winning which is the sad truth on gambling.

[Odusko]

This is a good one-way guide and ops you did a great job by putting this up for the board even though it practice may be hard in real life although you may have gone through this guide, same with most of us having a personal guide.
But sometimes, a guide is supposed to come 8n a complete package or do you intend to have another thread that will discuss the losing guide also because we have hard lot of cases of chasing losses that lead to a more devastating outcome, but if we can have that included in this thread this thread will be one of a great one as time goes on.

[BitDane]

If you take slots for example, you can just log into your account fund it and as soon as you start to play you might just start experiencing losses and in such situations the idea of “investment” won’t really work.

True!  I experience not hitting a single bonus round in slots in many of my sessions.  So automatically, the idea of @OP can't be applied in this situation.  Although @OP gives a good way to manage winnings, it does not assure us that it can be sustainable, because if one gamble's regularly, he will have to top up the funds (obviously from his previous winnings) in order to continue playing the next day.  Imagine if we suffer consecutive losing sessions, then more probably that we have to put more funds to continue after exhausting our previous winnings.

[ryzaadit]

I would be happy to see these schemes.

By keep updating the thread maybe your bankroll, the progress earned, every day and others by spreadsheet. I happy to see it, because most of people to much theory gambling without using the theory first by them self.

Good luck with your scheme-gambling.

[Fatunad]

When it comes to gambling; only one thing sets apart gamblers from one another and this is the next step after winning. For me, i follow this simple strategy.

• I have a go to plans, budget and i bet accordingly to that budget and plan
• Immediately i win a bet; i go on a 3-4 days betting strike, why? I use this time to spend my earnings as already scheduled
• For every bet earnings, i immediately withdraw 80% to my account for my scheduled plans; 5% for personal flaunts (You can call it enjoyment haha) and then i leave the remaining 15% to continue gambling into the next win.

With this approach, you will lead a successful gambling life, you will not spend all your winnings on "betting" and you will be able to point to one or two things in your life that you got with betting or gambling proceeds.

Do you think this is a good idea? Do you have a better idea?
Lets have it!

Easy to say but really that hard to be done when you are already there or simply on the time or moment that you are really that making some money with your gambling session on which it would really be creating out that kind of impulsive emotion or approach on which you would really be thinking that playing even more would really might be giving that more chance for you to make money or winnings and this what urges you to play even more and then losing those winning amounts back at the casino.Its good that you do really have that kind of self control since not all would really be having that kind of tolerance when it comes to things because if you do really find yourself that not setting out some goals then most likely you would really be just playing until you do bust all of your bankroll which this is always the case.

Its true that moderation is really that something needed when dealing up with gambling because if you do find yourself to be that impulsive then it would really be that impossible for someone to follow up
this kind of routing specially pulling 80% of winnings and intended for the next day gambling session and remain some 15% and then 5% your own spending or reward.
I could say its a good allocation but not all people would really be able to do or follow this one. Most of them will surely fail.