Gambling Management

[Oilacris]

Can't say it will prevent you from lossing, or anyone as most of us are not winners in gambling. Bankroll management would teach us discipline on how to approach our gambling activity in a strategic manner, because the main reason why we are losing is because we are not discipline in managing our bankroll, we like instant profit, hence we will go for aggressive betting, but doing that does not make us think there's also the risk of losing since what we only have in our mind is to win or win back our losses, it's called chasing losses which I'm sure everyone is very familiar.

The fact that gambling involves risk should make individuals understand that they should learn to implement budget management, atleast it would help them control frequent lose of funds to gambling. Some individuals would want to recover their lose and sometimes would be bold enough to invest a large percentage of their income into gambling but if they learn to implement budget management it would really go along way In helping the lose much money.

 Yeah you're right gambling involves more of luck and good strategy and no matter how good an individual is you'll definitely encounter loses at some point in time, it's something that's inevitable but then avoiding lose of big funds matters a lot and that's where the implementation of budget management comes in, therefore every gambler needs to be aware about it.

Budget allocation is something that would really be that crucial because once you do find yourself that being that too irresponsible when it comes to spending then you would really be ending up on
sleeping on the streets just because you have nothing left into your bank account because you have lost it all in gambling on which this is something that we should not do when doing gambling.
People would really be only making out some realizations on the time that they will really be experiencing problems and not on the time that they are still doing gambling and making out some
limitations on which we know that this is something that you would really be gonna needing because once you do missed out on having that control then it would really be causing that huge problem
on which you might really be telling into yourself that you should have done this and that but well its already too late for you to do such thing.

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[topbitcoin]

       -   The good thing you do, mate, is to just deposit in a casino where you only have a limited amount to gamble. So every time you play gambling, if the limit amount of your gambling money is used up, it only means one thing, and that is to stop or stop, That's it.


At least in this matter, you can also help yourself to control the money that can be lost in gambling, and if you win, immediately deduct the amount you gambled and take out what is left of what you won.

the most important thing is consistency in sticking to the plan. Because gambling access and deposit methods are so easy, we sometimes forget the limits we have set for ourselves.
The method used is indeed correct, it is a limit for not experiencing greater losses. but I'm sure we've experienced incidents when we violated these limits and made another deposit when we wanted to continue playing.

The person you can rely the most is always yourself, and while some gamblers look for external sources to help them to manage their money and prevent them to spend too much of it in gambling, the truth is that no external source can help you for long as a gambler that has taken the decision to keep gambling will always find a way to do it, so if a person wants to control their gambling, they have no other way than to try to do this on their own.

Of course, self-control is central and the core of all the core of life from the response that we will receive and give to something that happens in this world. Therefore, self-control is very important in human life, especially in doing so to be applied in gambling, gambling management will come out if we have good self-management and understand how finances work so that the risks that are in front of our eyes can certainly be dealt with to avoid so that our finances go according to plan even if you are an acute gambler, this can only be done by yourself because after all nothing is fully controlled by external parties about ourselves.

But what is very unfortunate, some gamblers also who already have experience, have self-management and have good money management sometimes ignore what has been planned in their activities so that we see there are compulsive people, people who can still be influenced by circumstances either internal to themselves or others in their environment to continue gambling and make money until there is no more left and do penance with regret.

[Zanab247]

First, when you receive your monthly salary, only use 1%-10% or any amount you can afford to lose for gambling.

only use what you can afford to lose in gambling, so that when you lose you will not feel bad at the moment that something big has left your account like the way some people use to feel bad when they lose money.

You can economize your funds in gambling in this aspect, if you can know your daily budget in gambling like the way some gamblers know their budget over some years and they have stay long in gambling doing well.

Second, if you lose and don't have nothing left, it means you need to stop gamble. But if you earns, don't try to increase your betting amount since you have more money. This will make you become greedy and think able to multiply your capitals.

That is the sign, someone is heading to addicted to gambling when you gamble you don't have anything to sell or use to gamble to make your mind be at peace, Just know that loss can come in your gambling and gain can come at anytime, but you have to maintain your budget, if you don't want to lose like other gamblers that increases their budget because they are winning at the moment

[Bravut]

This is subjective to your level of risk tolerance, if you are willing to risk certain amount on a bet based on your decision not from a place of emotion it will help you in setting your limits.

But when you risk what you can't afford to lose then you experience pain,regret, emotional disturbance. So the management relies on you who is the Manager, if the Manager stick to the rules of the game (plan), the system won't have effect on you.

Ĺosing is certain, just know and work within your  risk tolerance level. This will shade you from worries, even when you take a lose.

[boyptc]

First, when you receive your monthly salary, only use 1%-10% or any amount you can afford to lose for gambling.

only use what you can afford to lose in gambling, so that when you lose you will not feel bad at the moment that something big has left your account like the way some people use to feel bad when they lose money.

Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

[Natsuu]

First, when you receive your monthly salary, only use 1%-10% or any amount you can afford to lose for gambling.

only use what you can afford to lose in gambling, so that when you lose you will not feel bad at the moment that something big has left your account like the way some people use to feel bad when they lose money.

Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.

[boyptc]

Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.

If you happen to practice that kind of percentage monthly from your salary or even every 15th, that might go deeper and will become a habit. That instead of allocating it to more important things.

That part is going to the gambling funds that's quite a lot and if you lose, you might think that it should be recovered and then where you're going to get your fund again?

From your salary and that adds to the percentage and if you lose, you'll have more and it's a repetitive cycle.

[Dewi Aries]

Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.

Honestly, I am not sure that there is a gambler who is really able to accept a large amount of defeat, and we should be able to find out about what their intention is actually gambling from the amount of budget they allocate, if for example they allocate an amount that tends to be large or even close to 80% of the total amount of their income per month from their main job then I think I can conclude that their intention and purpose of gambling is to multiply the money they bring in with the hope of getting a big win.

With the goal of multiplying the money they bring with them then I think it is obvious that if they end up losing then they will not have the ability to accept the fact of losing, I am sure that they will be emotional and unable to calm their emotions which in turn the situation encourages them to do some out of control actions such as chasing the winnings to restore something that has been lost which will actually only lead them to a lot of stress, In the end, as you said, it is best to gamble by putting the amount of budget that we can afford especially for losing, that approach is useful to minimize emotions and out of control actions that lead you to a lot of impulsive decisions.

[Lanatsa]

Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.

If you happen to practice that kind of percentage monthly from your salary or even every 15th, that might go deeper and will become a habit. That instead of allocating it to more important things.

That part is going to the gambling funds that's quite a lot and if you lose, you might think that it should be recovered and then where you're going to get your fund again?

From your salary and that adds to the percentage and if you lose, you'll have more and it's a repetitive cycle.

On the time that it do becomes already a habit then this is something that would really be that already hard for you to completely stop since you've been get used to it or become that part as your daily routine
on which it would really be just that something normal that you would really be that looking for it on the time that you would really be that deciding that you would be having that kind of stoppage midway.

When it comes to management specially with funds or simply with finances then this is something which is really that very hard and does really need up that kind of control and discipline towards ones self.
Although it wont really be something that not that easy but its not something that would really be impossible. It all matters on how well you would really be that making yourself that
be able to adjust accordingly basing up into the situation.

[Wakate]

First, when you receive your monthly salary, only use 1%-10% or any amount you can afford to lose for gambling.

only use what you can afford to lose in gambling, so that when you lose you will not feel bad at the moment that something big has left your account like the way some people use to feel bad when they lose money.

Don't use up to 10% because for me that's quite high already. 1%-5% is fine but when you go more than that then that's sort of alarming honestly.

But if you can take the loss with that amount that you're going to do with your salary then there's no problem at all and all you have to do is be good at managing not just your budget but also your emotion.

Yeah because it's not only about the money but also the mental capital that would require you to risk such amount of money. You don't want to lose all the money that you've just worked hard don't you? Which means that you should be only betting the amount of money that only seems insignificant for you. That you won't stress about it even when you lose. Because regardless if your new or a professional, you are going to lose in this game. So if you aren't prepared for that, you may lose your sanity. Increasing your risk doesn't only equate increasing your profits, it also increase the amount of stress you are going to carry.

In anything that we are doing, it is very important for us to ensure that we have a gambling management in place to protect us from from accessible gambling which is going to be a big help for us. Gambling is supposed to lesser than the way we are gambling currently which needed adjustment. It is important we do all we can to make sure we follow the rules and the techniques that is going to make us to be a good and conscious gambler. We all wants to make money from gambling and we need to do it in the right way that would not have a consequence on us as gamblers.

[boyptc]

On the time that it do becomes already a habit then this is something that would really be that already hard for you to completely stop since you've been get used to it or become that part as your daily routine
on which it would really be just that something normal that you would really be that looking for it on the time that you would really be that deciding that you would be having that kind of stoppage midway.

When it comes to management specially with funds or simply with finances then this is something which is really that very hard and does really need up that kind of control and discipline towards ones self.
Although it wont really be something that not that easy but its not something that would really be impossible. It all matters on how well you would really be that making yourself that
be able to adjust accordingly basing up into the situation.

Managing our funds can be hard if we're not willing to do it or when we have no plans of doing it. Those that have been in bad times whether in gambling or not and they've lost a lot of money, they are starting to see the importance of managing funds.

But if someone is not fond of it and yet a reckless gambler and will keep on doing it until he's got zero fund left, those are the type of gamblers that will learn things the harder way.

[Julien_Olynpic]

For each type of activity in which losses are possible, strict rules should be developed that help prevent losses. This is especially true in cases where you do not have profitable strategies. And I know that the vast majority of players are unprofitable in the long term. This means they do not have a long-term adequate strategy. Perhaps they are trying to develop this during the game, accumulating their gaming experience and analyzing it. However, this is a long process without any guarantees. So as not to lose critical money in the process. You just need to set daily and weekly loss limits.

[zuzie]

For each type of activity in which losses are possible, strict rules should be developed that help prevent losses. This is especially true in cases where you do not have profitable strategies. And I know that the vast majority of players are unprofitable in the long term. This means they do not have a long-term adequate strategy. Perhaps they are trying to develop this during the game, accumulating their gaming experience and analyzing it. However, this is a long process without any guarantees. So as not to lose critical money in the process. You just need to set daily and weekly loss limits.

Of course, every time we start an activity that has a high risk, we have to create very strict management or regulations and we have to do it with discipline. Because gambling basically only relies on luck and if we don't carry out good management it will be very risky in our future lives.
In terms of the time we spend, it depends on ourselves, whether we will continue to gamble in the long or short term, the most important thing is to limit the money every time we gamble, don't expect too much luck because the results are uncertain.

[danherbias07]

This is subjective to your level of risk tolerance, if you are willing to risk certain amount on a bet based on your decision not from a place of emotion it will help you in setting your limits.

But when you risk what you can't afford to lose then you experience pain,regret, emotional disturbance. So the management relies on you who is the Manager, if the Manager stick to the rules of the game (plan), the system won't have effect on you.

Ĺosing is certain, just know and work within your  risk tolerance level. This will shade you from worries, even when you take a lose.

Without a doubt, losing is certain. There are times RTP won't happen for a long period of time and it could go further than when your balance is zero. I've seen it happen many times which is where I learned my lesson.
Divide your funds to the max multiplier that a game could have is the better management especially if your first aim is to just have fun, wager for VIP rank, or just play the game. For example, a high-risk Plinko 16 lines has a maximum multiplier of 1000x, it's better if we divide our funds that way too because I highly doubt you will hit x1000 in just 100 bets or 100 losses, most of the time it takes tens of thousands of bets before it hit there, for others more. 40k bets was when I hit that multiplier last time. That's a very long time.
By dividing your funds the same way the multiplier is, you will get a chance to sink it in that hole maybe once or twice if you are lucky.

[irhact]

Without a doubt, losing is certain. There are times RTP won't happen for a long period of time and it could go further than when your balance is zero. I've seen it happen many times which is where I learned my lesson.
Divide your funds to the max multiplier that a game could have is the better management especially if your first aim is to just have fun, wager for VIP rank, or just play the game.
By dividing your funds the same way the multiplier is, you will get a chance to sink it in that hole maybe once or twice if you are lucky.

A lot of individuals have made the mistake of going into gambling with all their funds with hopes of making profits or doubling the money, before you think of gambling, betting with your spare cash should be the first thing one should think of cause of the risk involved. Why should I invest all my money on something that a 100% success is not guaranteed, that's one big question people should think of before making such mistake.

 Dividing of one's fund is not a bad idea atleast even though an individual is wagering for fun, they are not loosing out on everything, they'll learn from their lose and if they're wise enough they'll pause for the day and still have some money remaining I their account to try again later and by then they must have thought of other means of winning and making profits with their remaining funds.

[Wapfika]

A lot of individuals have made the mistake of going into gambling with all their funds with hopes of making profits or doubling the money, before you think of gambling, betting with your spare cash should be the first thing one should think of cause of the risk involved. Why should I invest all my money on something that a 100% success is not guaranteed, that's one big question people should think of before making such mistake.

 Dividing of one's fund is not a bad idea atleast even though an individual is wagering for fun, they are not loosing out on everything, they'll learn from their lose and if they're wise enough they'll pause for the day and still have some money remaining I their account to try again later and by then they must have thought of other means of winning and making profits with their remaining funds.

Those who do this usually doesn’t know the fact that their funds is already subjected to risk once they deposit it to the casino because it requires to be wager before they can withdraw. The wager requirements on deposits makes all the deposits especially huge amount is already subjected to force risk since user needs to bets until they complete the wagering even though they are already in profit or loss.

That’s why we should only deposit what we can afford to lose so that this risk of wagering requirements will not bother us since you can experience that your funds is lock when you deposit huge amount while you don’t want to gamble anymore since you are already losing enough.

[arjunmujay]

Dividing of one's fund is not a bad idea atleast even though an individual is wagering for fun, they are not loosing out on everything, they'll learn from their lose and if they're wise enough they'll pause for the day and still have some money remaining I their account to try again later and by then they must have thought of other means of winning and making profits with their remaining funds.

For me, when it comes to distributing funds, I prefer to set aside some so I can still play, while I just withdraw the winnings straight away.

Maybe it's a little complicated because every time you win, you immediately withdraw it and keep a small portion so you can still play in the next round. but that's better in my opinion, in fact it's not uncommon to get bigger profits, both from the money itself and it's also luckier not to spend all the main funds and winnings. It cannot be denied that when most people win at gambling, a large balance can result in a tendency to increase bets and play longer. it will actually make you lose everything.

[LUCKMCFLY]

For me, when it comes to distributing funds, I prefer to set aside some so I can still play, while I just withdraw the winnings straight away.

This is what many should do, in fact the best advice that can be given to any player, novice, expert, is to take these things into account, because a player Obviously has to do everything possible to be able to have fun and win, no matter what. Sometimes when you play and win a lot of money, many players leave their money in the casino, as if they wanted to see it there, but that is a Double-edged sword, because they see that they have enough money there to be able to risk any game and that little by little You will spend and spend, so to not have that temptation there it is better to withdraw that money, and if you want to play, then you make a controlled deposit, it is better. Be careful than getting excited playing and destroying the money you have in mind, I think things Should be seen that way.

[arjunmujay]

For me, when it comes to distributing funds, I prefer to set aside some so I can still play, while I just withdraw the winnings straight away.

This is what many should do, in fact the best advice that can be given to any player, novice, expert, is to take these things into account, because a player Obviously has to do everything possible to be able to have fun and win, no matter what. Sometimes when you play and win a lot of money, many players leave their money in the casino, as if they wanted to see it there, but that is a Double-edged sword

This is indeed a problem for most gamblers. they are unable to leave the game even though they have won. because the gambler who wins and can have fun with his gambling winnings is by getting out there and taking away the winnings, no matter how small.

there are many more and that includes me too. When the balance has increased, even if it's a little, I still leave it there and then withdraw when it's enough. This is the reason why the balance instead of increasing, actually runs out because when you play and lose, you think you can still continue with the existing balance. Therefore, I actually wrote this to advise myself not to fall into something like that.

[Jody.Drummer]

For each type of activity in which losses are possible, strict rules should be developed that help prevent losses. This is especially true in cases where you do not have profitable strategies. And I know that the vast majority of players are unprofitable in the long term. This means they do not have a long-term adequate strategy. Perhaps they are trying to develop this during the game, accumulating their gaming experience and analyzing it. However, this is a long process without any guarantees. So as not to lose critical money in the process. You just need to set daily and weekly loss limits.

Exactly, I will repeat your idea that any activity that has the possibility of loss or loss then we must be really vigilant and put caution along with some other preventive measures that are important and must be applied as a precaution. I will say that in gambling anyone can win in any amount but we should not only focus on the chances of winning because however the possibility of losing is a certain thing because in gambling the risk can never be avoided completely.

However, gambling is always about gaming activities that are full of uncertainties and there is absolutely no guarantee for anyone to win which means that anyone will never know about what will happen at the end of the session between winning or losing, and the concept of gambling will continue like this which means as you said that all gamblers will not get a definite profit in the long run, They can win but if we measure it in the long term then obviously I think the number of losses will be much greater than the wins, in the end yes obviously like you said that if they still want to stay involved in gambling but don't want to experience too significant adverse effects then of course setting limits and implementing controls are important things that must be prepared.