Sustainable Approach For Your Earnings in Gambling

[Zlantann]

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

I think this is a very good idea. I am very pleased with the aspect of investing wins into something more reliable and profitable. In many cases, gamblers always lose their wins because they gamble all their wins. Gambling becomes more interesting when wins are maximized because it would cover up for losses in the future. Gambling shouldn't be seen as a source of income but it doesn't mean that we should lavish all our wins on unnecessary expenses. Keeping and strictly following a well-prepared gambling plan is also helpful in preventing over-gambling and ultimately gambling disorder.

[Cryptomultiplier]

It seems to me that OP has already unknowingly or knowingly designed a career path from gambling and I know that a workable plan in any endeavor pays better than just delving in at random and expecting to be as successful as imagined.
Am also quite sure that if you do not win as much as you make losses, this design will choke the life out of your wallet and any savings you have left.

It's a nice breakdown though, mostly as you remembered to include  'happy hour or self love time' from the intended wins of gambling.

[Broadanbig]

This sounds like some scripted fiction but anyways, the plan looks good though.
 I was thinking OP would also write on his loss as well but I didn't see that aspect of the budget planning. It is normal that after winning, one needs to have a taste of their wins and also do something tangible for themselves and family. I actually see sense in the budget allocation OP did.

Based on this OP has presented, I it seems OP takes gambling as a source of income which I think is a very big mistake if truly OP has such in mind or is doing it already. I will advise you do away with the reasoning of making gambling your source of income otherwise you just might be heading to a hitting a brick wall which definitely would be disastrous and devastating to you.

[Accardo]

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

It's interesting to follow the way our finances work. How a person manage their money should be abstract against another. The idea of going for a gambling break is fine. It'll enhance the player's gambling experience. And prepare them for the next move. Depending on the amount won. A player shouldn't go for a break on every gambling wins. It's also a good idea to continue playing until the duration meant for the gambling vacation is over.  A player that sets out 3 weeks for gambling only stops when that 3 weeks elapsed. Regardless of the amount of money or profits they've made. Generally, I accept the idea,but the syntax, I may not. Not every professional gambler do not understand how the loosing streak work. The money management is crucial, thereby maximizing profits. I'll personally wish for more wins while playing until the duration set aside elapse. That's a real gambling experience. Win or lose. Stopping immediately after a big win to take a rest, is like a winning football team quitting the game because they're winning.  The winner and the loser continue playing until the 90 minutes is over. There we'll find the true winner. People who fall for your point "betting all wins", most times belong to the win and run category. As they'll be back soon to spend the gambling money on betting. Following the game to the end, will give us a sigh of relief and also the outcome will determine how long we'll spend before coming back to gamble. The idea is great for every player to devise a personal positive steps to follow after winning expenses. The point is, the money will be spent. According to our wants. The money will be used alongside gambling. They'll play and at same time engage in other fun activities.

[Sandra_hakeem]

To me, it doesn't make any sense when you leave with your little earnings and come back to gamble again.... Cus why'?? Even if you go about with all the plans you listed, you're still gonna go back to wager your funds and there's no difference...
To me, I feel it's even better to try again with the little winnings than to use your hard-earned funds.

Sandra 🧑‍🦰

[Odusko]

This sounds like some scripted fiction but anyways, the plan looks good though.
 I was thinking OP would also write on his loss as well but I didn't see that aspect of the budget planning. It is normal that after winning, one needs to have a taste of their wins and also do something tangible for themselves and family. I actually see sense in the budget allocation OP did.

Based on this OP has presented, I it seems OP takes gambling as a source of income which I think is a very big mistake if truly OP has such in mind or is doing it already. I will advise you do away with the reasoning of making gambling your source of income otherwise you just might be heading to a hitting a brick wall which definitely would be disastrous and devastating to you.

To a great extent I have seen ops do a great job, because from the look of things, if all the mentioned guides and approaches are properly followed, this can result truly a sustainable winning approach that can help the gambler save a whole lot and avoiding possible loses at some point.
Even as the thread does not contain the losing guide we should at least appreciate the efforts put in by the ops to draft the guide as a helpline for all of us here and look forward to seeing others coming up with losing strategies motivated by this thread, but until then I will like to commend the ops efforts in this present regards.

[Finestream]

Your approach is really good but what about if you are experiencing the other way around. Losing is expected in gambling and it’s very clear that the more you try to gamble, the bigger your chances of losing. When that happens, earning will not be possible anymore. For me, the best way to earn some profits in gambling is to set a budget limit you’re willing to lose. At least, when you bet at a small amount, you get to save some of your funds and use it to invest if you want so you can have multiple source of income aside from gambling that does not guarantee actually providing an income.

[komisariatku]

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

This seems like a good plan and one that might work if you “win every day.” Unfortunately we can't win every day and we lose more

I have done something like that. Withdraw 80% of the funds and leave 20%. However, it didn't go according to plan because the remaining balance ran out again, then I deposited again and it ran out again. So it's very difficult to keep winning, I've been trying to stop for a week but when I  gambling again, I keep losing.

The only way that works for me is to gamble when I have extra money and not to gamble if money is tight or I have other needs. It looks simpler and doesn't require a lot of complicated setup

[mirakal]

It’s certainly a good approach if you are on a winning streak. You get your profits and then gamble on a fixed allocated amount. But how about if you are losing consistently? Even if you say you set your budget to bet, and then you still lose them all, then how can you earn that way? Let’s just accept the reality that there’s no earning guarantees with gambling. Once you gamble, you are entitled to lose nor win, but mostly it’s the losses actually. And if you’re not wise enough to diversify your profits into potential investments like crypto, you will never have the chances to earn passively.

[dothebeats]

Taking a break after a win seems to be a lot more important compared to chasing another win. There's no guarantee that you will be keeping all of your winnings anyway because of your tendency to gamble again, but at least making sure that it's not spent in a single sitting is extremely important. At least, you won't have to withdraw from your personal funds for some time in order to gamble as you already have a buffer that is your winnings.

For me, being honest to oneself is extremely important in an event of a win. If you know that you'll be gambling again, just manage that fund and treat it as part of your bankroll and you'll have no problems at all.

[johnsaributua]

It's a plan that looks good in managing profits but the success of it we do not know even when the remaining capital is 1 more time to play, it may have a chance.

The scheme of organizing profits is quite logical and seems easy but when we are given a tempting multiple, of course, it will increase the potential for hockey that second, then will you follow the plan you made or a strong desire to multiply, with a simple mindset when profit is in hand?

I feel when playing binary options at 4 years a go, and planning only remains planning if the possibility changes.

target a day profit 5$ when already profit is not satisfied until there even want to reach more than 10$ more, deny it.

I'm talking about managing profits and curiosity about the game that happens when playing live, I feel very contrary to the plan that I have compiled.

I budgeted that if there are any freebies from promotions (gift seekers or web game testers) I will consider it my personal money (the money I budgeted for my regular monthly expenses).

Of course I will manage it well like risk management similar to your thread,

and if I invest it all for fun, it's not burdensome from my point of view.

[qwertyup23]

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.

I do agree that there must be some sort of contingency plan if a person experiences a losing streak.

Generally, the initial reaction of a person losing is to quickly recover their losses either by gambling again or stopping. The latter happens rarely and the former happens regularly given the nature of the circumstances of the person.

While I do agree with the points you have raised, I would like to add that a person must only bring a handful amount of cash whenever they try to gamble. Lastly, avoid gambling using a credit card as it can definitely skyrocket your expenditures without you knowing.

[DaNNy001]

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!

What happened to don't actually gamble for income or profits, well at least this post is sincere but the only issue is that there is control over the outcome of the games played so sometimes we might experience a losing streak then what now follows are you going to do the unthinkable which is actually chasing your lose or should I say winning back your actual capital? Because the case of lose can even occur on your first actually try.

[Slow death]

your calculations are strange, for example if you placed sports bets only on games with odds of 2.00 and you placed 100$, you would end up with 200$, so if you take 15% to continue playing, it means that in your next bet you will not betting with 100$ you would probably have 30$ to bet, and even if you were to bet on a game with odds of 2.00 and with 30$ then you would have 60$, if you applied the same 15% then it would be 9$, you would again bet on a game odds of 2.00 and with 9$ you would end up with 18$. In other words, with each bet you would have less winnings. So I don't see your strategy being a good one.

Even if you started making multibet bets with very high odds, the risk would still be high, the chances of getting bets right would be small, you would be losing more than you would win. Therefore, this strategy would not be good either. If you are also talking about slot games, then things only get worse because they are games of chance that depend on luck, the chances of profit are small, if you lose a lot and it would only pay off if you hit a big multiplier, but sometimes the person stays for a long time losing a lot and when you hit a big multiplier

and calculates the profits and losses, then realizes that when you remove all the losses, that much money you won with the high multiplier becomes so little that it doesn't compensate for all the time you spent playing. In other words, your strategy also won't work in games of chance that depend on luck, so I assume you play blackjack or some other card game that allows you to win and use this strategy, as I don't play any of that so I can't say if it would be Whether or not your strategy is efficient in them

[klidex]

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!

However, the winnings we get from gambling in the end it will be spent on gambling if we experience continuous losses and don't win again. Me too always think about setting aside a larger percentage of my winning, for example 80% to keep in my personal pocket and I leave a small percentage 20% to continue playing, but if in the end the small remaining budget runs out and I stoped for a while, I will make another deposit if I want to gamble. I always consider gambling as fun, not hoping to wins big because I think it is too difficult to achieve it, but with the option of setting budget that has been prepared, I agree with you by setting a budget, I am able to controls myself easily without having to lose a lot losses

[piebeyb]

While I do agree with the points you have raised, I would like to add that a person must only bring a handful amount of cash whenever they try to gamble. Lastly, avoid gambling using a credit card as it can definitely skyrocket your expenditures without you knowing.

Yes, it's also good to limit your budget and bring cash within certain limits. If you gamble without limits it will drain more of your money, especially using a credit card will of course add more debt expenses that have to be paid due to borrowing money from a credit card which of course you have to pay. Pay immediately so that bills don't increase and pile up even more.

I think the OP is gambling for money so discussing strategies about gambling in a more different way, after all gambling cannot be used as a source of income, whatever we win doesn't necessarily mean we will win in the future, no matter what, the dealer will still win, but I still appreciate the way he uses this strategy. , even though it might end badly in the end, the point is that it can only be done by consistent and controlled people.

[TheUltraElite]

This is considering you are in a winning streak which is rarely the case, making a decent winning from a casino is very rare - dust winning streak cumulative amount is likely <5$ and not worth the time. You can be assured that someone before you has already made similar plans with different numbers and they have no succeeded.

Its either you gamble or you dont gamble. If you want sustainable earnings get a job or run a business and dont take the risky methods of making money. As soon as you get into that vicious cycle of gambling, you will lose money.

[Crypt0Gore]

You are talking as if you haven't lost a single bet since you start gambling, is this true? If you point is only backing the winning side of gambling then it's bad advise, do you know why some people lose everything after they win? It doesn't matter how much they use, either $20 or $2000, they find it hard to get over the thoughts in their head, you can win thousands from gambling and it's easier to increase the amount you normally use for gambling since you just win thousands, that's where people make the first wrong step.

If you are always using $20 and one day you win let's say $5000, which is very rare, the best advice is to keep using $20 as always, take out all the $5000, and come back some other day when you can afford another $20, don't ever let your wins get the best of you, it's luck that get you the 5k so such money isn't meant for gambling anymore.

It's greed and emotion that let people think they can win more if they can increase their risk tolerance amount, they instantly stop thinking about what happens if they lose the money, gambling isn't this easy and OP is making gambling look easy, gambling can't be a source of income, god of gamblers only exists in movies.

[Wexnident]

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

Oh, I thought this was for winning, turns out it was just using the money you used to win. Sounds unreasonable since I don't think this is pretty good if you wanted to spend money instead of gambling since, well, you can just gather the money you're supposed to use in gambling and instead use that for whatever you were going to spend it in the first place. Having that middle process of "gambling" isn't really going to help, it'd only damage yourself imo.

Maybe if the item was like idk, a 1000x or 10000x higher, or simply unattainable with your current monthly income, then really, just maybe. But then again, you'd be hard-pressed to win in the first place since this approach is only considering a single win, so the odds are pretty low for you. Might as well just earn and idk, invest in something to get passive income, slowly and steadily increasing your monthly income.

And this only considers that you "win". Who knows how much you actually lose in a regular session really.

[Hispo]

A 80%/20% cut sounds reasonable if the bankroll the gambler had after the strike of luck is big enough to justify handling with the rest of the money represented by that 20%.

As for me, I would work because my budget would allow me to have some fun in dices for some hours before I losing it all in a bad luck streak. But for those who go with small wagers and very high multipliers, even after getting their high multiplier they would only have a handful of dollars in their wallet.

So, the percentage is situational, I would say to use a less conservative cut, for those how like to engage with small sum of money, something like 60/40, or even 50/50.

I would also agree it would be very constructive if you shared some spread sheet with the results of your using this strategy, that is if you do not mind, of course, I would not blame you if you decide not to disclose your earning to people you do not know on the internet.