mirakal (OP)
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Leading Crypto Sports Betting & Casino Platform
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January 13, 2024, 01:53:42 PM |
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Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
Let's consider an example:
Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
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dimonstration
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January 13, 2024, 01:58:51 PM |
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Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
The point you mention is factually correct based on my experience. It’s all about psychology on how we consider our bankroll to become more important. I have a dedicated budget on my gambling per week which is from my salary that I split in weekly basis. This way I will consider my bankroll as precious compared when you have unlimited source of cash since you will be easily lose your money once you are already bored on losses. Having a mind that think about your bankroll as last piece of money for that game will make you feel more cautious not only on sports betting but rather in general gambling.
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Oshosondy
Legendary
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Gamble responsibly
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January 13, 2024, 01:59:15 PM |
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So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
A responsible gambler needs to be able to manage it. But out of $500, the recommended among to gamble with should be 1% which is just $5. For me I can go for maximum of 5% which is $25. Yes I can be able to gamble with the money and not go beyond. Sometimes I can win more than lose. Not that I also go all in all. You can decide to use just $0.5 in every game that you play and you can not loss the whole $25 fifty times consecutively. That is not possible.
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pawanjain
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January 13, 2024, 02:01:04 PM |
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Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
Let's consider an example:
Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
We should have a dedicated budget when it comes to gambling and only then we can stay in control of our gambling habits. From your example, if a person is having $50 monthly budget for gambling it should divide it by 4 to have a weekly budget for gambling. He shouldn't go over his weekly budget and even if he does, he should know that it shouldn't gamble for the next week since he has already used up the budget for the next week. Only this way, he can gamble within his limits.
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bittraffic
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January 13, 2024, 02:05:49 PM |
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It's hard to stop yourself from depositing again when there is another match that you are likely sure you can win. Losing your bankroll for the month is like excluding yourself and the temptation to bet when there is a good match.
I have to admit there is no real list of matches that I keep to participate for the month so when there is something that comes up, it's just time to deposit again. But then anyway, I'm not a high roller.
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Maslate
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January 13, 2024, 02:08:35 PM |
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So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
A responsible gambler needs to be able to manage it. But out of $500, the recommended among to gamble with should be 1% which is just $5. For me I can go for maximum of 5% which is $25. I read about this as bankroll management, but this one not really it. You get a certain amount of money as your bankroll, and based on OP, if we can afford to get 10% of our income which is $50 for a gambling of gambling, that's where you will have to manage, so 1% of $50 is only .5 cents, which would probably not meet the minimu requirement per stake, so if we increase it to 5%, that's $2.5 per bet. Well, if you can feel the thrill betting $2.50 per stake, there should be no problem with that.
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Onyeeze
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January 13, 2024, 02:09:08 PM |
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Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
That's one of the reasons why I said that addiction in gambling is as result of chasing your loses, because no-one became addicted in gambling without reasons and that reason is best known to the person, so if check the statistics of people who is addicted today with gambling the one of the major reasons they are addicted is that they are chasing what they have spent so far in gambling, not knowing that the more you are chasing your loses the more you are accumulating your loses and also gives yourself a debts of high frequency, so I believe that's the one of the reasons why is not good to chased your lose either you stop to gamble at that moment
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Accardo
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January 13, 2024, 02:16:11 PM |
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A player who maintains a dedicated bankroll will be disciplined. It takes lots of discipline to keep on gambling on a dedicated amount. Most people get carried away, in the process, when they win. But a gambler who keeps up with 10% of his salary should deal with his wins as an added funds to deal with days he's feeling like gambling more would be profitable. With his discipline he can save up the winnings for other days and wouldn't have any reason to spend or add another percent by taking out more money from his salary. Dedicated bankroll is among the safe or responsible gambling techniques, and if not kept in check the player would be doing himself no favor. It could affect him on the long run, where he'd want to increase his winnings by raising up the money he wagers. The wins he gets by managing a dedicated bankroll may not be interesting enough to some players, hence going for more is the only option. Personally, a dedicated bankroll is better than raising the amount, month to month.
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electronicash
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January 13, 2024, 02:20:19 PM |
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when you lose the amount for your monthly allocation seems like the end of fun for you. if the sport that you are into has an event every day, then you are done in a week with your dedicated $50. you have to have more than $50 in case you are betting on football or NBA.
what i can suggest is to use the altcoins, this would mean you accumulate the altcoins, and when prices go up means a double win. you spend less on sports betting while accumulating investment.
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piebeyb
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January 13, 2024, 02:24:12 PM |
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Let's consider an example:
Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
This is in accordance with the experience I have had until now. So far I have been very disciplined in gambling on sports betting because I only do it on weekends, I don't gamble on weekdays unless there are events such as UCL and other European league championships, I might entrusting my wife as usual she is the one who manages my gambling budget because I know it is impossible for me to manage it well, I am not good at managing finances properly, so I entrust everything to my wife. If my salary is $500 maybe my wife will limit me to around 5% of that salary budget, because she knows I can manage it in gambling so every time I win I will use the winnings again the following week, but if I lose I definitely won't gamble again until the following month, actually gambling is not my only hobby, there are still other hobbies that I can do when my gambling budget runs out, after all it is very risky to catch up or recover losses, it's best not to do it. Just use the budget that has been set, don't overdo it because gambling must remain safe.
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348Judah
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January 13, 2024, 02:27:01 PM |
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Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
You may be and you may also not because it's not easy to maintain a particular range to use for gambling from our bankroll, we are the ones that make this rule and will still be the same person to break it when we find out that we couldn't but help with nothing to continue with our gambling for the day while we are already on the limit range, the best idea is never to have an additional access to any financial means that goes beyond the stipulated bankroll we are using.
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Viscore
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January 13, 2024, 02:29:12 PM |
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when you lose the amount for your monthly allocation seems like the end of fun for you. if the sport that you are into has an event every day, then you are done in a week with your dedicated $50. you have to have more than $50 in case you are betting on football or NBA.
If you like to stay discipline, you need to follow the rules you set. $50 bankroll for a month, that would last if you will just bet $1 per ticket, making you 50 total bets and you'll be too unlucky if you will have a 50 losing streak. So the key here is to be realistic, don't aim for a high winning when your bankroll is too low. With $50 bankroll for a month, you should be happy if you'll be able to grow that to $100. Because that is 100% increase already. what i can suggest is to use the altcoins, this would mean you accumulate the altcoins, and when prices go up means a double win. you spend less on sports betting while accumulating investment.
What if the price go down? Investing in altcoins does not guarantee a profit, it will be too risky for a gambler. If we really want to evaluate our capability in gambling or our success rate, we should focus on winning, and perhaps using a stable coin would help so you won't worry about the price volatility, instead you'll just focus with choosing the right pick.
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$crypto$
Legendary
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Smart is not enough, there must be skills
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January 13, 2024, 02:33:08 PM |
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I don't usually make monthly deposits but weekly deposits that I get from the forum when I get paid, I always allocate about $10 - $15 for sports betting, it varies but I don't do it for most of the week sometimes when I get bored I always stop and don't deposit because I know other needs are more important than gambling.
If what you conclude from the monthly $50 for gambling for a month I'm sure I can do the discipline and will not increase it again because it is more than enough, why I say so a month's fund for gambling is not more than $50 then my discipline can be seen until there with the risk of losing money in gambling is natural sometimes it can win but can lose if the calculation for a month.
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Westinhome
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January 13, 2024, 02:35:24 PM |
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Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
The gambler will ready to play the decent game on the good bank roll,because he will have enough money for the next game.If they possess the loss in the gambling,he should have the money to manage the losses.Many gamblers quit their game by just don’t have enough money to handle the losses.Some never back to the gambling because of the loss.Only few people can able to afford the losses and back to gambling to prove themselves in the game.Some of them also succeed in the real gambling. Let's consider an example:
Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
Actually if you do like this,it will not affect you in any way,So you can also earn huge money from the gambling site.The only focus in the gambling is play the risk free game and earn good money from the gambling site.It was the important one for the gamblers to play with peace of mind in the gambling site.
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Gozie51
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January 13, 2024, 02:38:00 PM |
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You are talking about bankroll management and that is important for better gambling and reasonable spending. However your analysis of 10% to be used in gambling from your monthly salary as example, I think it is very high. If you use 10% of your salary to gamble that means gambling is priority, what about other family exigencies which are numerous to mention and top in the list being payment of house rent.
A gambler should be able to manage his bankroll by staking very less percentage of his salary at least to have a controlled mindset not to chase what he has lost. The gamblers that chase their loses are those who have made much loses that they lose self control to restrain themselves against further losses and so that is a point that if huge bankroll is used, then at loses you will feel bad and probably depressed after the futile chase.
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Fiatless
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January 13, 2024, 02:47:34 PM |
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So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
If $50 is what I have budgeted for the month, I will be on the safer side if I stick to this budget. However, this amount will be too much for me to spend on gambling monthly because it is even far greater than the percentage I budget for gambling based on my income. Increasing the amount will affect the funds I will need to spend on other important expenses. We need to know that we can survive without gambling but there are so many things we cannot do without. This is why we shouldn't cut out a budget for these important needs for gambling. Accommodation, school fees, feeding, clothing, medical bills and others are vital needs that shouldn't be overlooked because of gambling. Gambling can wait but these needs cannot, so I will even prefer to cut expenses on gambling to satisfy them. Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.
That's one of the reasons why I said that addiction in gambling is as result of chasing your loses, because no-one became addicted in gambling without reasons and that reason is best known to the person, so if check the statistics of people who is addicted today with gambling the one of the major reasons they are addicted is that they are chasing what they have spent so far in gambling, not knowing that the more you are chasing your loses the more you are accumulating your loses and also gives yourself a debts of high frequency, so I believe that's the one of the reasons why is not good to chased your lose either you stop to gamble at that moment This is one of the main behaviours that lead to gambling addiction. Gamblers should know that gambling is not like a race where your effort will lead to a win. Your strength or determination might not lead to a win because the house will always have the advantage. The best option will always be to leave the casino after you have exhausted your gambling budget. Chai
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lombok
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January 13, 2024, 02:53:04 PM |
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I would be fine with $50 of that fund. Whether I lose or win, I will remain disciplined, if I lose and the $50 runs out, I'd better wait for the next month to top up my gambling balance.
With $50, if we are disciplined and use small $$ in each bet, we can win and can even make 5 percent of the funds in the crash game 😅 and even then we have to be disciplined and not greedy in using the betting balance.
However, in sports betting, we might be able to earn more if we place bets according to the course of the match. The only problem is whether the club we choose is capable of winning? This requires observation skills 😅
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TimtheYoutuber
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January 13, 2024, 02:55:27 PM |
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Everyone should be disciplined with their gambling budgets. It really depends on how you like to play. Some people could stretch 50$ for the month doing small parlays, while others would rather bet $50 on 1 game and just sweat the game for fun. Either way, you shouldn't gamble what you can't afford to lose.
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Positivebetting
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Natsuu
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January 13, 2024, 02:55:49 PM |
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Having a set amount, like $50, for your monthly gambling keeps you on track. It prevents you from dipping into money meant for bills or rent, helping you stay disciplined and avoid chasing losses. Stick to your bankroll to keep it fun and responsible. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Yatsan
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January 13, 2024, 02:57:51 PM |
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Having a specified amount of bankroll is already a discipline and if you would be able to not cross the line on the numbers, then for sure you won't be in regrets no matte what. Setting a limit to your bankroll is often characterized by the amount you can afford losing. Problem most of the time is allowing our greed to be the one to play for us which causes us huge loss. Losing will always have a higher tendency to take place than winning therefore being preventive of huge losses, could also be the key to profit. You won't win consistently and so do losing. If you will be maintaining the amount you bet and the amount you will dedicate for your bankroll, then things would be more efficient in your gambling experience. Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?
You may be and you may also not because it's not easy to maintain a particular range to use for gambling from our bankroll, we are the ones that make this rule and will still be the same person to break it when we find out that we couldn't but help with nothing to continue with our gambling for the day while we are already on the limit range, the best idea is never to have an additional access to any financial means that goes beyond the stipulated bankroll we are using. Its difficulty simply depends on your discipline, as being discussed in the topic. If you know to yourself that you will find it hard following such limit you set to yourself, then atleast try to not cross the 'numbers' and eventually it will be a habit of yours. We do get the point that this won't be in an instant given that we are more used of playing as long as there's money in our bankroll/accounts. Practice and make it consistent at least.
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