harapan
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May 24, 2024, 08:03:24 AM |
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Going straight to the point I want to talk a little about bankroll management and how we can effectively practice this to optimize our gambling wins and also help control excessive gambling habits.
Starting off as an early gambler can be a lot of challenging going through loses and even getting through those early stages of unguided addiction, this was a case for me cause I can remember how to struggle to get myself in oder for a while when I started taking gambling serious for a while, most of us enjoy gambling and would gamble more often than others and its quite needful that we don't overdo it.
Many of you already know about bankroll management and might already be practicing It even If not fully but however i would enjoy to share my view on bankroll management and how to practice it in your own way.
Bankroll management by definition refers to the strategies and techniques used to manage your betting funds effectively, ensuring you can withstand losing streaks and maximize your winning potential.
To practice bankroll management there are a few tips you must know:
1. Set a budget: to me this is the most important part of bankroll management and I know a lot of persons most already practice this, why I consider this the most important is cause if you have set out how much you are willing to give to gambling that is the first step to self control and even if only this is kept you can effectively practice you would have no problem with addiction.
2. Divide your bankroll or budget: this is just spliting your allocation into smaller parts, so that you can easily control how you spend it on gambling, why this is important is cause at times we might find ourselves in situations where we want to stake too high that it might include a huge portion of our budget and if we lose or spend so much too early when the allocated time for the vmbudget to last has not elapsed or is closed to then we can be tempted to add more funds or take out of our extra cash to gamble again.
3. Determine and manage your bet size: why i recommend this step is that this way you get to spend as you should on each bet, I'm normally a high staker so i would allocate up to 5-15% of my budget to each game I should play and its depends on the odds or how confident I am and my risk tolerance with respect to each game.
4. Play safe: we have always monitor and adjust our bet size and allocation with respect to how much we have lost or how well we are winning so that we can stick to our budget and manage it through out our playing time, also dont chase loses cause it could throw you off track, try to take a break and have rest when you lose money and stick to the budget.
By implementing these strategies, you'll be able to:
- Extend your betting longevity - Reduce the risk of significant losses - Maximize your potential winnings - Enjoy a more sustainable and enjoyable betting experience
Remember, Bankroll Management is essential for responsible and successful gambling. It helps you stay in control, make informed decisions, and maintain a healthy relationship with gambling.
Wow impressive and we'll detailed information that will go along way in amending and keeping the gambler habits at balance,I know the thread could be tiresome to read up but then the information it's carrying is something that would really be of great advantage not to only an addicted gamblers but to everyone that's a gambler so they can effectively know how to manage their bankroll and know when to make certain decisions and be discipline and responsible with their dealings in every aspects.
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slapper
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May 24, 2024, 02:01:35 PM |
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~snip~
That's right, that's the mindset that should be in a gambler's brain, which is to never think about winning, or never put excessive hope in winning because after all it is a fact that this mindset will only make a gambler feel excessive disappointment when the results turn out to be the end of the session is not what they wanted and it is clear that this situation can trigger emotions and various actions that are out of control. I'm not saying that you have to focus on losing, but it's better to just be neutral by considering that victory and defeat can happen at any time, which simply means that if you are unlucky then you will lose, but if the opposite is true then yes you will be able to go home with a win. One of the reasons why it is better to be neutral is so that you can easily accept a losing situation when you are unlucky, but the first thing that must be correct is from understanding first, namely that you must understand that gambling is always about two things, namely winning or losing, simply put. you can win but you are also very likely to lose, and by having a balanced perspective on gambling then I think it is less likely for you to get emotional when you lose because you already know that losing will always be a possibility that cannot be avoided in gambling. No need to chase highs or fear lows in gambling. Seeing each play as a play. Accept wins and losses as two sides of the same coin. Equipping neutrality is like a mental barrier against the emotional rollercoaster. You can make rational decisions based on odds and probabilities, not your mood. Understanding that each bet is a calculated risk, not a certainty. This method is healthier over time. It prevents you from getting attached to the outcome, which can lead to unwise decisions and disaster. Gambling risk can be managed with it. It's like a safety net for inevitable ups and downs
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redsun114
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May 24, 2024, 08:48:04 PM |
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All these are good rules to read and hear about.
But does a gambler really care reading advice from others? They started gambling in the first place to make big money and they are unable to achieve it - and the machine to make that money is right in front of them, hence they will never think about bankroll management but only how to acquire more money to wager, be it taking a loan, stealing money or worse.
Hence the wording "maximize winning potential" is wrong. If you want to win maximally, you need to stop betting completely, suck up the losses and move on.
True, while the advice given by the OP is good, unsolicited advice is often ignored by the people that need to listen to it the most, and this is because they are not really ready to hear the truth, very often those people have to hit rock-bottom to consider listening to the advice of others, and even that is not a guarantee, since they could be so obsessed with gambling already they will prefer to believe their own lies over the truth. If it was posted in the forum like this, I don't think it can be considered as unsolicited. A true unsolicited message or something that begs, is still/indeed inappropriate even the people receiving them are addicted for example and wants help. We can only let them regret and feel sorry for their selves or like you said when they hit the rock-bottom, and that would be the time for them to approach us for help. I think that the only way for us gambling to maximize our winning potential is if we can control our excessive gambling habits or thoughts, just like what the title implies, and not about using some in game strategy or something similar.
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Juse14
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May 24, 2024, 09:44:13 PM |
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Yes, it is, but it is easier said than done. We all know that bankroll management is very important, but we tend to forget that as we go along. I have had a lot of problems managing my bankroll in the past because we tend to become too excited and put an excess bet on what we should allocate. This usually happens when we lose and want to chase our losses when we forget the allocation and go ahead and exceed our bets.
Not chasing losses is a very hard thing to do. I think it's underestimated. Most times we talk about it as something we can just switch on and off. It's very difficult, especially when I have money. If I do not have much money on me at the time, I might be forced to stop gambling, but when there's money on me, I always have the urge to want to win back what I have lost. Sometimes when I set out a certain percentage for gambling for the week, I might use all that money in a day or two and this would make me go over the estimated amount I planned to use for gambling for that week. It's takes a lot of discipline, I'm not there yet but I'm getting better at it. I have come to realize that it's a constant work in progress, I don't think anybody masters it. There are even times when you'll be tempted to stake very high on a particular game. This happens to me when I'm only looking at the potential win and how huge the amount may be. Greed sets in and I want to win big. Like I said, it's a constant work in progress. When you have money, the lure to carry on with gambling can be overpowering. Despite any restrictions you place, like allotting a specific percentage to gamble each week, it can prove challenging to adhere to them. You could exhaust all funds within a day or two's time and subsequently feel driven to surpass what you had determined as your limit for the period. Conquering these cravings calls for a great deal of self-control. Though at times you might feel you are yet to attain that state, acknowledging that this is an incessant work in development bears positivity. No one achieves perfection in this, but every tiny stride towards enhanced self-discipline counts as advancement. Betting large amounts on specific games holds a strong allure too. Greed tends to rear its head upon glimpsing the potential of handsome rewards, urging one to plunge into sizable risks. Yet it bears emphasis that gambling hinges entirely on chance; thus, striking equilibrium assumes paramount importance. An ongoing effort towards skill enhancement and taming those impulses marks a positive stride. Here's to your continual change and attainment of that sought-after discipline, cheers.
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Riginac111
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May 24, 2024, 09:52:51 PM |
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- Extend your betting longevity - Reduce the risk of significant losses - Maximize your potential winnings - Enjoy a more sustainable and enjoyable betting experience
Remember, Bankroll Management is essential for responsible and successful gambling. It helps you stay in control, make informed decisions, and maintain a healthy relationship with gambling.
Op you have don well with this, actually Gamblers most times over looks the fact that no matter how much we profit from gambling self control should be one priority. Bankroll has always been a method and an effective one at that to help control excessive gambling experience. Where most gamblers makes mistakes is that they lack or fail to plan before going into gambling. They keep on chasing after their losses and with no plans or even record of what and how they have done so far, they continue gambling and losing more than they should. To reduce the risk of losing so much in our gambling activities, one must be able to keep track and control him self during gambling. what I know is that in gambling we have to take an adequate precaution knowing that gambling is a something of risk on the there is every possibility that what you think that will happen in gambling may not happen because you are expectation in gambling must to be always positive why gambling and for you to participate in gambling I think that you have to take adequate control and measure
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Accardo
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May 24, 2024, 10:53:32 PM |
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All these are good rules to read and hear about.
But does a gambler really care reading advice from others? They started gambling in the first place to make big money and they are unable to achieve it - and the machine to make that money is right in front of them, hence they will never think about bankroll management but only how to acquire more money to wager, be it taking a loan, stealing money or worse.
Hence the wording "maximize winning potential" is wrong. If you want to win maximally, you need to stop betting completely, suck up the losses and move on.
True, while the advice given by the OP is good, unsolicited advice is often ignored by the people that need to listen to it the most, and this is because they are not really ready to hear the truth, very often those people have to hit rock-bottom to consider listening to the advice of others, and even that is not a guarantee, since they could be so obsessed with gambling already they will prefer to believe their own lies over the truth. If it was posted in the forum like this, I don't think it can be considered as unsolicited. A true unsolicited message or something that begs, is still/indeed inappropriate even the people receiving them are addicted for example and wants help. We can only let them regret and feel sorry for their selves or like you said when they hit the rock-bottom, and that would be the time for them to approach us for help. I think that the only way for us gambling to maximize our winning potential is if we can control our excessive gambling habits or thoughts, just like what the title implies, and not about using some in game strategy or something similar. I think people will learn from such posts and implement one or two advices shared by the op, which could be of much help to the safety of most players. Any means of helping gamblers is acceptable provided that it's achievable. Gamblers have multiple reasons to read things that can help them escape problem gambling. It's not a simple thing to stay responsible as a gambler that's why such guides helps in reassuring the player to continue managing his funds and limiting his gambling sessions to a short period. Few hours on the machine is fine, no need running the day on gambling. It'll only make the player suffer more losses and stress. Maximizing winning potentials is something I don't admit, as it's almost not achievable to maximize how we win money, gambling.
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romero121
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May 24, 2024, 11:00:07 PM |
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Keep reading the advice and the experiences of other gamblers. This surely helps in correcting yourself. Gambling is all about self-control. If you're good enough to have control over your gambling activities, then you can maximize your winning potential. Most of the time, gamblers used to win well, but they don't know when to make an exit or comeback. When you're good at it, you can avoid huge losses, and taking advice will help you overcome stress when you're at a huge loss.
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AmoreJaz
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May 24, 2024, 11:06:23 PM Last edit: May 24, 2024, 11:28:21 PM by AmoreJaz |
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Keep reading the advice and the experiences of other gamblers. This surely helps in correcting yourself. Gambling is all about self-control. If you're good enough to have control over your gambling activities, then you can maximize your winning potential. Most of the time, gamblers used to win well, but they don't know when to make an exit or comeback. When you're good at it, you can avoid huge losses, and taking advice will help you overcome stress when you're at a huge loss.
Most gamblers don't know when to quit because mostly they are chasing losses or they want more wins. Hence, they tend to continue their games even if they already have some profits. And if they incurred losses, that's one drive also to continue betting in the hope of recovering their losses. It is hard to call it a day if the gambler is not firm with himself. Before he starts, he should know to what extent of losses he can take. And stop once he reached such limit no matter what.
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Agbamoni
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May 24, 2024, 11:29:15 PM |
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Keep reading the advice and the experiences of other gamblers. This surely helps in correcting yourself. Gambling is all about self-control. If you're good enough to have control over your gambling activities, then you can maximize your winning potential. Most of the time, gamblers used to win well, but they don't know when to make an exit or comeback. When you're good at it, you can avoid huge losses, and taking advice will help you overcome stress when you're at a huge loss.
Everybody will have their own new experiences in gambling which they will find their way out of it if it is a bad experience. The experience of other is only as a guide to people h=who may encounter similar experiences in gambling but if they ignore, he advice then surely, they will fall for it. There is a saying that you can take the horse to the river, but you can't force it to drink water. No matter how hard to convince people on their gambling addiction it is difficult for them to correct it. It takes a long time and luck for someone to get out of gambling addiction. I think the control would help avoid the risk but to maximize winning it's not going to be possible. Self-control only limits the level of losses we would make but can't maximize our profits.
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Hypnosis00
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May 24, 2024, 11:37:51 PM |
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Maximizing the winning potential and controlling gambling habits is just like practicing a healthy gambling habit, not an irresponsible one. It is not about knowing how to manage our bankroll but the most important thing is how to manage ourselves to stay out of addiction and also control our greed. These are the reasons why gamblers never enjoy anymore in the sense that they are not gambling for entertainment but in the seek to make (more) money. The more we think about it, the more we lose control of ourselves and it is not healthy anymore.
The moment that our greed and emotional stress influence our minds, we forget everything. In order to avoid this, we have to start being a responsible gambler and make it a habit.
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klidex
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May 25, 2024, 09:14:44 AM |
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I agree with the input that you say, all of which are important things to apply to gambling and I have also done most of what you said by managing the bankroll well when we decide to gamble and I have also sorted out my finances so that I don't exceeding limits when gambling because I have set limits. Apart from that, I also gamble by risking money little by little so that the money I have can last a long time to be used for betting and can develop my potential to gain more profits, so bankroll management is indeed important apart from being a good gambler. We are responsible and free from gambling addiction.
I don't know if some people also do this but for me this is really important for gamblers who feel their money is not managed well because they are easily tempted by gambling when the money to gamble has run out even though with this management if the betting money runs out we are required to stop and rest while recovering your mind and being able to accept losses if you experience defeat.
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Dewi Aries
Legendary
Offline
Activity: 2842
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
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May 25, 2024, 07:20:33 PM |
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~snip~
That's right, that's the mindset that should be in a gambler's brain, which is to never think about winning, or never put excessive hope in winning because after all it is a fact that this mindset will only make a gambler feel excessive disappointment when the results turn out to be the end of the session is not what they wanted and it is clear that this situation can trigger emotions and various actions that are out of control. I'm not saying that you have to focus on losing, but it's better to just be neutral by considering that victory and defeat can happen at any time, which simply means that if you are unlucky then you will lose, but if the opposite is true then yes you will be able to go home with a win. One of the reasons why it is better to be neutral is so that you can easily accept a losing situation when you are unlucky, but the first thing that must be correct is from understanding first, namely that you must understand that gambling is always about two things, namely winning or losing, simply put. you can win but you are also very likely to lose, and by having a balanced perspective on gambling then I think it is less likely for you to get emotional when you lose because you already know that losing will always be a possibility that cannot be avoided in gambling. No need to chase highs or fear lows in gambling. Seeing each play as a play. Accept wins and losses as two sides of the same coin. Equipping neutrality is like a mental barrier against the emotional rollercoaster. You can make rational decisions based on odds and probabilities, not your mood. Understanding that each bet is a calculated risk, not a certainty. This method is healthier over time. It prevents you from getting attached to the outcome, which can lead to unwise decisions and disaster. Gambling risk can be managed with it. It's like a safety net for inevitable ups and downs This is why someone who wants to get involved in gambling is advised to first understand what gambling actually is like and understand the possibilities of what could happen to them, and the most important point is not only to look at the positive side or the benefits, but they also have to find out about whether the activity has a bad possibility or not, and from the start we should be suspicious or think that everything that involves the opportunity to make money should have a possible risk of losing money unless it is a general activity such as work. And I think it's clear that anything that has the opportunity to make money with little effort is absurd, but strangely there are still many gamblers who are unable to think rationally and realistically, and the key I think is always to use a healthy mindset and rational point of view when every When you find something, this is none other than to minimize the possibility of unwise decisions.
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Solosanz
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May 26, 2024, 01:27:02 PM |
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The only way to maximize winning potential if the potential payout is higher than the risk you take aka positive expected value (EV+). While everything you wrote are only discuss about money management i.e. gambling habits, you didn't talk about maximizing winning potential. You can read what is EV+ here https://www.techopedia.com/gambling-guides/what-does-ev-mean-in-betting
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Wapfika
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May 26, 2024, 01:53:39 PM |
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The only way to maximize winning potential if the potential payout is higher than the risk you take aka positive expected value (EV+). While everything you wrote are only discuss about money management i.e. gambling habits, you didn't talk about maximizing winning potential. You can read what is EV+ here https://www.techopedia.com/gambling-guides/what-does-ev-mean-in-bettingExactly what I’m thinking when I read the lengthy post with just a recycled suggestion on bankroll management yet it really doesn’t involved maximizing winning potential because all the method doesn’t involved increasing winning percentage but rather just to properly manage bankroll to avoid being bust early. I’m surprised that this thread fish a hefty merit despite there’s a lot of same thread in the past that doesn’t even get a single merit. You’re right about the EV. It’s the only way to maximize winning potential like arbitrage betting on sports that gives +EV.
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Mr. Magkaisa
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May 26, 2024, 02:21:48 PM |
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- The one about setting the budget is right; here it comes in that the money you bring in should be limited when you play gambling in any casino here in the crypto space, even in physical gambling, it should also be implemented.
It will help our casino players a lot, honestly speaking; it will teach us to practice self-discipline and self-control when we do this. It's a good habit for gamblers, actually. So, all the things that Op mentioned here overall are indeed good and right as well.
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Ruttoshi
Sr. Member
Offline
Activity: 476
Merit: 392
Baba God Noni
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May 26, 2024, 03:14:43 PM |
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Keep reading the advice and the experiences of other gamblers. This surely helps in correcting yourself. Gambling is all about self-control. If you're good enough to have control over your gambling activities, then you can maximize your winning potential. Most of the time, gamblers used to win well, but they don't know when to make an exit or comeback. When you're good at it, you can avoid huge losses, and taking advice will help you overcome stress when you're at a huge loss.
If a gambler can understand these concepts stated by OP, and put it into practice, such gambler will not become addicted, and start chasing his/her losses. Another thing that a gambler needs to know is that, he should not always think of winning the next game, but rather he should have the thought of losing it, maybe this will make him to be careful with the amount of money that he wants to use to stake or might not place his bet anymore. To be a responsible gambler is not easy because some people are very weak at controlling themselves in whatever they find themselves doing, especially when they are in profit. Some gamblers also don't know that they are addicted, which makes it a big problem for such gamblers.
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aioc
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May 26, 2024, 04:20:51 PM |
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By implementing these strategies, you'll be able to:
- Extend your betting longevity - Reduce the risk of significant losses - Maximize your potential winnings - Enjoy a more sustainable and enjoyable betting experience
Remember, Bankroll Management is essential for responsible and successful gambling. It helps you stay in control, make informed decisions, and maintain a healthy relationship with gambling.
There is a learning process for this, and it takes time and effort to fully manage the bankroll, it's not something you read and agree to and try to practice by memorizing there's a bit of trial and error in this process, I used to have issues managing my bankroll because of lack of control on when and how to stop but you will learn to do that in due time it really takes effort and time, especially when you're losing a lot.
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Accardo
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May 26, 2024, 04:22:41 PM |
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Keep reading the advice and the experiences of other gamblers. This surely helps in correcting yourself. Gambling is all about self-control. If you're good enough to have control over your gambling activities, then you can maximize your winning potential. Most of the time, gamblers used to win well, but they don't know when to make an exit or comeback. When you're good at it, you can avoid huge losses, and taking advice will help you overcome stress when you're at a huge loss.
If a gambler can understand these concepts stated by OP, and put it into practice, such gambler will not become addicted, and start chasing his/her losses. Another thing that a gambler needs to know is that, he should not always think of winning the next game, but rather he should have the thought of losing it, maybe this will make him to be careful with the amount of money that he wants to use to stake or might not place his bet anymore. To be a responsible gambler is not easy because some people are very weak at controlling themselves in whatever they find themselves doing, especially when they are in profit. Some gamblers also don't know that they are addicted, which makes it a big problem for such gamblers. Being able to control our budget is the best form of gambling responsibly, but most gamblers don't always look into this form of responsible gambling due to their interest in making more money while gambling. That's why they always go against the idea of limiting their gambling budgets. However, on the long run they tend to regret why they've been wagering without calculating. Such things has landed most gamblers into trouble and still, despite the regrets, such players will always wager more money on another session. Hence, when gambling, looking into other people's experience can help a player determine what his fate would be as a gambler. Such things as reading Op's advice is a great way for gamblers to stay responsible, but due to their entanglement in the game, gamblers tend not to get interested in practicing what they've read before gambling. This negligence therefore lands the player into a problem gambling in a way that he wouldn't have enough to save for himself, he will lose out most of his funds in the game. As you said responsible gambling is not simple, only a handful of people were able to control their urge for making more profits in gambling. And they enjoy this on the long term, because they lost only few funds and time. Gambling addiction doesn't get to such people and their emotions are always intact. Unlike other players who get compulsive and lose out every little thing they ever had, responsible gamblers, though not many in number, enjoy completely all the good things gambling has to offer, ranging from fun, to skills.
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Blitzboy
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May 26, 2024, 07:42:15 PM |
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Keep reading the advice and the experiences of other gamblers. This surely helps in correcting yourself. Gambling is all about self-control. If you're good enough to have control over your gambling activities, then you can maximize your winning potential. Most of the time, gamblers used to win well, but they don't know when to make an exit or comeback. When you're good at it, you can avoid huge losses, and taking advice will help you overcome stress when you're at a huge loss.
If a gambler can understand these concepts stated by OP, and put it into practice, such gambler will not become addicted, and start chasing his/her losses. Another thing that a gambler needs to know is that, he should not always think of winning the next game, but rather he should have the thought of losing it, maybe this will make him to be careful with the amount of money that he wants to use to stake or might not place his bet anymore. To be a responsible gambler is not easy because some people are very weak at controlling themselves in whatever they find themselves doing, especially when they are in profit. Some gamblers also don't know that they are addicted, which makes it a big problem for such gamblers. Being able to control our budget is the best form of gambling responsibly, but most gamblers don't always look into this form of responsible gambling due to their interest in making more money while gambling. That's why they always go against the idea of limiting their gambling budgets. However, on the long run they tend to regret why they've been wagering without calculating. Such things has landed most gamblers into trouble and still, despite the regrets, such players will always wager more money on another session. Hence, when gambling, looking into other people's experience can help a player determine what his fate would be as a gambler. Such things as reading Op's advice is a great way for gamblers to stay responsible, but due to their entanglement in the game, gamblers tend not to get interested in practicing what they've read before gambling. This negligence therefore lands the player into a problem gambling in a way that he wouldn't have enough to save for himself, he will lose out most of his funds in the game. As you said responsible gambling is not simple, only a handful of people were able to control their urge for making more profits in gambling. And they enjoy this on the long term, because they lost only few funds and time. Gambling addiction doesn't get to such people and their emotions are always intact. Unlike other players who get compulsive and lose out every little thing they ever had, responsible gamblers, though not many in number, enjoy completely all the good things gambling has to offer, ranging from fun, to skills. Gambling is exciting, especially when you're winning. However, discipline is key. You cant win by swinging crazy. Maintaining a budget is vital. This is the difference between a good night out and a financial hangover. Trust me - I've seen everything. Gamblers have lost their shirts, residences, and families. Not that you shouldnt gamble. You need to be clever about it. Be informed, know the odds, and know when to leave. Please seek help if you're struggling. Resources can help you recover. Gamble for fun, not profit. Go have fun, but gamble responsibly. Wallet and family will thank you.
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Dewi Aries
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May 26, 2024, 08:29:41 PM |
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By implementing these strategies, you'll be able to:
- Extend your betting longevity - Reduce the risk of significant losses - Maximize your potential winnings - Enjoy a more sustainable and enjoyable betting experience
Remember, Bankroll Management is essential for responsible and successful gambling. It helps you stay in control, make informed decisions, and maintain a healthy relationship with gambling.
There is a learning process for this, and it takes time and effort to fully manage the bankroll, it's not something you read and agree to and try to practice by memorizing there's a bit of trial and error in this process, I used to have issues managing my bankroll because of lack of control on when and how to stop but you will learn to do that in due time it really takes effort and time, especially when you're losing a lot. True, to be able to manage a bankroll well will not be as easy as turning the palm of the hand, especially for gamblers who have just been involved in gambling especially for those who have not really understood thoroughly about how gambling actually is and what things must be prepared as a precaution when someone wants to get involved in gambling, moreover this is gambling which involves money and also many things that look very tempting which usually always tempt gamblers to ignore some of the limits they have made until they finally fall and get carried away and make them run out of money unexpectedly. And in my opinion to be able to have a good bankroll management a gambler really must have a true understanding of gambling, try to be a responsible gambler and be firm with the plan that has been set, for example, you plan that if you lose then you will stop and when the situation occurs then you must really be able to be firm and stop according to your plan.
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