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Author Topic: How discipline are you in managing your bankroll?  (Read 1493 times)
stadus (OP)
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November 15, 2023, 03:06:12 PM
 #1

Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

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November 15, 2023, 03:10:07 PM
 #2

Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

If you are winning and you are not happy it means that you are winning which is great in itself as I have been losing consistently from quite a long time now.Since this is happening quite a lot I manage the balance now by placing small bets in sport by copying other people bets and I don't touch slot machines or other games that can drown your money in a very short amount of time.I know managing the bankroll is super difficult if you feel the urge to continue playing but if you let yourself loose on it only problems will be on your way,so better to stop one moment and reflect cold headed.For me the strategy of entertaining myself by copying other people bets works great.

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November 15, 2023, 03:15:16 PM
 #3

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?
Lost all of the money I've planned to spend on gambling in one game of dice because I was frustrated and the other opponents are taunting me and are being annoying so I just dump all of the money in one go and then it's gone, just like that. That moment was so heartbreaking to me at that time because I was trying to learn how to discipline myself in terms of being stoic and not giving in to outside pressure and so I promised myself (again) to never do that kind of shit again.

For me, as my story have included are the factors of emotions and the people that's around you, emotion is going to be a big problem especially if you are easily influenced by it and so your action suffers like what happened to me, I let the instigation and annoyance to drive me to go all in in just one game. The other factor which is peer pressure or just the influence of people around you is a big problem because you're under the impression that you need to impress them and that if there's a challenge being issued, you have to save face so the people around you don't see you as a sissy or a coward.
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November 15, 2023, 03:24:31 PM
 #4

Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

Experience is still the best teacher what happened to you is I'm sure a big lesson for you that you will take note of whenever you face a similar situation, when I was just starting I thought I could do better but I had to lose and mismanage so many times to get the discipline I want, it's a roller coaster ride when emotions are high, you just want to stop but you feel you have something to regret if you refrain yourself.
I finally realized that it was no use riding the emotion, you have to find a way to refrain yourself and you can do that by remembering you've been here a lot of times and you know the outcomes, so the key here is to remember all the bad situations and do the right thing and that is to stop.

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November 15, 2023, 03:28:32 PM
 #5

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?
Have a gambling budget which should be like 5% of your weekly salary and it should not be more if you can not afford to lose more than that. Just bet with it like you can win it lose or the way that you want and enjoy gambling. This is what I am doing and I am not going beyond it which would be unhealthy for me. I am not expecting to make money from gambling anymore.

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November 15, 2023, 03:28:44 PM
 #6

One thing about not disciplining oneself in their bankroll or the amount that is proposed for gambling at that period is whenever you are striving to make some potential winning you began to see that the more you keep increasing to win higher the more you lose money. Increasing your bankroll doesn't guaranteed your winnings instead how skillful are you while choosing and selecting your games, it could be a single bet but if the predicted game plays according then you keep winning it's better to win little than increase your wager and lose higher amount.
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November 15, 2023, 03:29:18 PM
 #7

Seizing the moment I guess is the problem. This likely pushing your luck to make big wins so you will be satisfied and to be honest, I myself am not satisfied with my winnings but one thing that I always remember before pushing my luck is that I always leave doubt about my next bet whether I will win it or not which means I am not sure and will bet just the regular amount.

In sports, if I find myself unsure, it's better to just think again and wait for there will be another opportunity.

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November 15, 2023, 03:34:41 PM
 #8

It's okay, friends, because everyone sometimes makes mistakes when they lose and follow emotional urges to continue gambling. This is what we usually experience as gamblers. If we ask how we can be disciplined in managing money, it's actually easy to say but it's really difficult to do, in fact. This is just a matter of being busy, if you don't have anything else to do, find something else to do and focus on a certain time to gamble.

For example, every working day I never open a casino site and let alone gamble except on holidays. At first I also had difficulty but over time I got used to it by slowly reducing my gambling activities so I became more disciplined in managing my finances and time to gamble, for example I had to spend $100 every week make sure you have to spend it or win above that, always remember to use unused money or money you normally use to find entertainment, so when you experience a loss there will be no urge to chase to recover it. just think of gambling as entertainment  Wink

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November 15, 2023, 03:42:51 PM
 #9

I think lots of gamblers can relate to your experience, OP. You are not the only one who is good at breaking your game plan. Sometimes, when emotions take over, they can ruin everything we carefully plan. Personally, I'm not very disciplined, but I'm good at giving advice, so the phrase ' it's easier said than done' really hits me big time in gambling.

The question is how to...?

The only answer to that is to learn how to control your emotions. You shouldn't allow them to dictate more than your mind; otherwise, you can't beat the casino at that.
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November 15, 2023, 03:51:07 PM
 #10

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

I can relate to what you experienced especially the part when you are longing for a more action pack gambling experience just because you are not winning decent amount of money. The problem on this is your total bankroll is not suitable to the type of gambling experience you are looking for.

It’s like you want a 50$ profit on single bet while your bankroll is just a 100$ or less. The best way to deal with this is try to learn on adjusting your profit expectations based on your bankroll so that you will not overextend your bets out of your bankroll range. I control this problem by not playing when I really urge on gambling and play while I’m cool and not thinking of winning too much.

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November 15, 2023, 03:57:38 PM
 #11

Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

If you are winning and you are not happy it means that you are winning which is great in itself as I have been losing consistently from quite a long time now.Since this is happening quite a lot I manage the balance now by placing small bets in sport by copying other people bets and I don't touch slot machines or other games that can drown your money in a very short amount of time.I know managing the bankroll is super difficult if you feel the urge to continue playing but if you let yourself loose on it only problems will be on your way,so better to stop one moment and reflect cold headed.For me the strategy of entertaining myself by copying other people bets works great.

Yes, that's right, if someone can't feel any sensation from the winnings that he managed to get then with that I would say that the person is not addicted, because of course it's something that really indicates that someone doesn't have high hopes and even when he gets a win he just seems normal. And also on the other hand as we know that something in gambling that can make a gambler addicted because of the extraordinary sensation when they manage to win a large amount according to them.

You've done something better, my friend, because we should not make gambling activities such as a place for many problems to arise for ourselves. You have done a good thing by organizing everything so that it runs in balance, yes it is better for us to bet on bets that are not too high risk even though in the end it may still require luck factors such as sports betting that you do lately rather than slot machines or other similar, because of course you say the actual fact that games like slot machines are very testing mentally and psychologically, when we lose then usually there will be a lot of temptations that come that like telling us to play again. Managing bangkroll is very difficult especially if we have entered gambling, but you can do it slowly.

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November 15, 2023, 03:59:07 PM
 #12

I have suffered alot of lost in bets so I disciplined myself not to look into any betting platform till I have a 90% sure game. I usually freeze this platforms from notifying me direct to my system because I always have this urge to do more. Even when am losing I always believe I will win the next one and by so doing, I will blow up the whole of the bankroll. Damn it when I win, I feel like the world is on my shoulder I can do it again.

Strategizing my bet is the only I have come to my senses, I play 3 times a week especially on weekends and I usually look at the past games how well they perform and copy from people that think are usually succeeding with their games.

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November 15, 2023, 03:59:40 PM
 #13

Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

Your experience is also the experience of many of us here, but you have to manage your bankroll well, managing your bankroll is the key to a pleasant gambling experience and the key to that is to have a strong resolution that what you allocate is what you will use and you will not add more, no matter what happens and you can only do this if you are not profit drive, it's ok to think of profit, but let it come and not you forcing your way to win to the extent that you will mismanage your bankroll.
If you cannot control your emotions you better find a way to stop playing, its either you continue playing with the right mindset or stop playing than continue losing because of bankroll mismanagement.

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November 15, 2023, 04:08:19 PM
 #14

I think the principles of gambling are similar between it and any risk-based activity. For example the principles of trading without taking unbalanced risks are very well documented and generally respected in the community.

These principles are pretty simple and easily understood.
For instance, you should consider that gambling any amount means that it could result in the total loss of this amount.
So based on that, only a portion of your steady income should be risked with such activities.
Let's say you make 300$ per week.
After expenses like rent, bills and various other smaller things, maybe you can put aside 50$
Of the money you put aside you should also keep some for emergencies.

So the self-imposed limits should be to never gamble more than 50$ a week, and ideally even less. For instance if you already have a decent savings account, gambling with all the 50$ you put aside in a week won't do much harm to you for one week. But especially if you don't putting money aside should be a priority so the gambling spending should be reduced.

To adapt the above example to your personal income, you can simply take an average of how much you can put aside each week from 3 or more months, and then put a hard limit to how much you will be gambling with.

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November 15, 2023, 04:19:00 PM
 #15

I have suffered alot of lost in bets so I disciplined myself not to look into any betting platform till I have a 90% sure game. I usually freeze this platforms from notifying me direct to my system because I always have this urge to do more. Even when am losing I always believe I will win the next one and by so doing, I will blow up the whole of the bankroll. Damn it when I win, I feel like the world is on my shoulder I can do it again.

Strategizing my bet is the only I have come to my senses, I play 3 times a week especially on weekends and I usually look at the past games how well they perform and copy from people that think are usually succeeding with their games.

90% sure game? Lol, is there anything like that? Hell no! All games are 50-50% and you just have to make decisions based on what you believe in. What I see in this your comment is a typical explanation of someone who is chasing their loses and that's a very dangerous habit as far as gambling is concerned. When you're chasing losses, you're allowing your emotions to control your decisions and this can lead to poor results. Instead of focusing on trying to make up for your losses, you should just try to focus on the process of improving your gambling skills.

Op, in your case you need self control and discipline. No matter how many times or how perfect your bankroll management is, if you can not discipline yourself and abide by it then there's no need to set it up in the first place. You just have to make up your mind and say hey I will stop here and let it the decision stands no matter what.

R


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November 15, 2023, 04:24:27 PM
 #16

If what you are after in gambling is big wins and profits, then what you will find in the gambling you do is only regret, even if you win. You regret it because you think why I didn't increase the previous bet amount, if the previous bet amount was increased, maybe I would get a bigger win. Likewise, when you lose, perhaps the feeling of regret will be deeper.

So that we always have pleasure in every gambling activity we do, never have more expectations about gambling and assume that this gambling will give us profits. And keep playing appropriately and betting with an amount that we can afford to lose.

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Wiwo
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November 15, 2023, 04:24:43 PM
 #17

Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?
This was my situation in my last bet where lost 0.001BTC on an 2.5 odds,  the reason was that,  I chose x on the ticket but while the game was on,  one of the clubs made a goal score within the 60 minutes into the games and at that point available cash out was down from 0.0012BTC,  to 0.00035BTC which was at the point I made the cash-out,  this step for me was poor management of bankroll even though I selected the bets having in mind that it will be drawn.

So after my cash out the other team equalized the goal and the match ended in 1:1 which still resulted in x that I selected,  but due to poor bankroll management I withdrew the available bankroll without having a thought of what the possibility was even though the games were still at 60+ minutes.

But then,  lesson leant and we move to the next bet.
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November 15, 2023, 04:27:01 PM
 #18

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

Simply just play using the money you can afford to lose so that you can never feel tilted whenever you lose them when you increase your bet. Start from betting small and increase your bet while you are winning. This is the best way to increase your bet amount for your own entertainment without risking all your bankroll at once.

The problem on typical gambler was they increased bet amount when they are losing that’s why their bankroll is easily depleted while betting the same amount or decrease bet amount when winning which is the biggest mistake on riding profit.

Learn how increase bankroll during your profit streak so that you can increase your bet while still on the range of safe bet proportion to your bankroll.

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November 15, 2023, 05:21:37 PM
 #19

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll?
Discipline in gambling is something that I have been able to maintain over the years, Once I remember the responsibilities I have to keep and bills to sort out with money, it becomes easier to manage my bankroll and reduce the number of times I gamble as well as my spending on other things. Gambling should be for fun and not to put your finances in jeopardy, if you start finding it difficult to manage your bankroll, you can take a break from gambling and try out other fun activities.

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November 15, 2023, 05:46:44 PM
 #20

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll?
Discipline in gambling is something that I have been able to maintain over the years, Once I remember the responsibilities I have to keep and bills to sort out with money, it becomes easier to manage my bankroll and reduce the number of times I gamble as well as my spending on other things. Gambling should be for fun and not to put your finances in jeopardy, if you start finding it difficult to manage your bankroll, you can take a break from gambling and try out other fun activities.

Yes, it may be easy for you to do, but we have to see in general that there are many people who have difficulty in managing their finances, especially when they are involved in gambling. Although what you are doing is very appropriate and it seems like there is no problem at all in doing it, but not everyone can do it even though we have suggested it as hard as possible. The problem is in the mindset, if only they had the mindset like you who gamble just for fun then they would not be likely to have difficulty in terms of management, that's one of them.

Basically, limiting or reducing is what every gambler is better off doing in terms of budgeting for gambling, lucky enough for people who don't have high  hopes and aren't really interested in gambling, because then they will have a good balance in their finances. Yes that's right, the fact is that there  are still a lot of other things that are quite fun and not risky, but whatever everyone has the freedom to choose whatever they want even without careful consideration, it's really out of our control.

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