Do you set a specific bankroll before gambling or not?

[Viscore]

"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?

Please share your experience whether positive or negative and what you learn from it.

[Wapfika]

"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?

Please share your experience whether positive or negative and what you learn from it.

Yep. I do setup my bankroll based on my preferred bet size. Example when I want to play live games specifically card game that has 1$ to 5$ minimum bet then I often deposit minimum of 100$ to have a longer gameplay that I will enjoy. Same with playing slot games with 0.1$ minimum bet size, I usually deposit minimum of 50$ to 100$ max as bankroll allocated for slot games.

My bankroll size varies on what game I’m playing since different games has different minimum bet size which is important to consider for bankroll size to avoid premature loss when losing streak hits you early.

[Charles-Tim]

I can still go up to 5% of my income for gambling but I do not think I can go up to 10%. 10% seem to high for me. Bankroll is very important but I almost not have any bankroll at all for gambling because there are some weeks that I do not gamble. But if I gamble at times, I only do not go more than 5%. In average, I do not think I go more than 1%.

1% is always the recommendation.

Don't bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month. This table shows how much you can gamble each month to follow this guideline.

[bittraffic]

Having a specific amount to roll is like getting ready to lose that amount. You won't even regret it if that amount is lost in just an hour. So it's fine to have that limit unless you tend to suddenly deposit once again which means you are going to chase that loss.

But in the back of your mind, the possibility of winning the amount back is still possible. Would you wait for the next month to take it back or just deposit another amount, this would be playing in mind over and over.  

[Russlenat]

As for me, not most of the time. ^{voted no,}

Though I do set up a bankroll sometimes, 90% of the time I just gamble whenever I have the budget. What I've learned from this is that when I don't set up a bankroll, I can easily decide to chase my losses, and I can prove that it's not a good strategy as I fail most of the time.

I guess it's really important to set up a bankroll. Just like running a business, you need to set up capital and try to grow it. So if we treat gambling or sports betting in this example as a business, we will be more careful with our decisions, and we will try to focus on long-term goals. This can only happen if we are able to protect our bankroll. One way to do this is to never chase our losses.

[crwth]

Well, yes, I always budget my gambling balance to how much I'm willing to risk. I would not go over it anymore so I would have control over my gambling habits. It's important IMO to have that so that when you are playing and lose all balance, it's time to really go home or close the browser.

It's a way to control yourself so it's nice to have that.

[Hatchy]

I don't actually set bankrolls for my gambling activities, I mostly just deposit some certain amount I guess would be enough for me to play that specific round and after that, I just take my winnings out and leave a little bit just incase I want to play later in the day. Most Gamblers prefer to set the bank roll so as to help them minimize their risk while gambling. It's actually a nice method for gambling. I can just decide to use 5% of my deposit to gamble and then when I make wins I take withdrawals and try again next time. This will help me just Incase next time I want to gamble but don't have enough funds, I'll just have to top up my balance.

[Odohu]

"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?

Please share your experience whether positive or negative and what you learn from it.

Different people with different approach to gambling, this is the beauty of our diversity. But one thing is certain, without some level of discipline, a gambler will rarely survive because he will mot be able to properly manage losses and winnings.

I have my own rules on how much of my income I gamble with per month, how much a gamble with per day and the amount I spend per wager.  I also have my own paytern of managing winnings in such a way that i will not give back the money to the casino. This might not be easy to develop but the moment you realise how important it is, it will be done.

[pawanjain]

Yes ofcourse, setting bankroll before gambling allows us to manage our bets well.
It helps us to bet with specific amount and thus helps to win our desired targets.
I have noticed that I often lose more than expected when I am not starting with my usual bankroll.

[YOSHIE]

Please share your experience whether positive or negative and what you learn from it.

Nothing guarantees you win 100% when you bet, for example: you have a balance of $1000, you bet it all in one bet on sports betting, maybe tomorrow you can rest, unless you make a re-deposit and start again.

Managing money when gambling is very important, in my experience if I have a balance of $1000 I will split $50 betting that I can do 20 bets in sports betting with different clubs, if it's a soccer bet, my chances of winning are greater than if I had to lose everything in one bed.

For me, bankroll is very important, not only in sports betting, other types of gambling using the Bankroll method are also no less important, for me this method is quite important, because no one can guarantee that the bets we place will win and be successful.

[Solosanz]

Of course I do set a specific bankroll before gambling, if someone didn't set it or fail to not gamble more than what they can afford to lose, they will become a gambling addict sooner or later.

Personally, I set maximum of 10%, so I will never gamble more than 10% of my monthly income.

I have noticed that I often lose more than expected when I am not starting with my usual bankroll.

You're believing in superstition, there's nothing like that for betting specific bankroll will increase your winning chance.

[iv4n]

So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?

Well, I think that some bettors are on a higher level, meaning they know exactly how much they have for gambling, they even have some spreadsheets. But most of us play with available amounts, I guess sometimes we even overstep it... We deposit what we have and we play with that until we spend it or we manage to make more.

Since I like to play slots and in-house games chances of losing the entire balance are pretty high, so I deposit what I think I can spend in that moment. I don't ever think too much, it's impossible to do that with slots, we either have for the next spin or not, we are either lucky, or we will face long losing streaks and bonuses that don't pay anything, eventually that drain our bankrolls.

[Cantsay]

In terms of the amount I wager I don’t have a specific limit - I bet based on my balance. Sometimes I bet with just $0.1 in a single spin in slots while other times I can increase it to up to $5 depending on the amount I have left and how long I want to remain on the site playing.

There are times when you’ll just want to play and during times like that you’ll have to try to manage your bankroll the way it will last longer for you - like betting small or playing games that has you can keep playing for a long time i.e one that gives you the chance to win smaller odds to keep your bankroll from being emptied.

[Lida93]

"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?
.

Bankroll isn't a new concept in the forum as it's constantly discussed in diverse ways in the forum. It is a fundamental  mechanism  in gambling responsibly, in as much as it's important in helping the gambler not to gamble away every available cash at hand so fast, not every gambler adhere to theirs. Some don't bother  having it.

Please share your experience whether positive or negative and what you learn from it

Am quite sure I would have recked my finances by now if have been gambling all along without a bankroll. I don't  know how others gambling comfortably without a bankroll but am sure their experiences won't be a sweet one to be in.

[mirakal]

It is a need as this helps us to stay within our limits and that also serves as our indication to stop when it reaches. But I see that most of us never do this or maybe they set some limits but still ignore them.

At least 1-3% of monthly income is enough. Spending more than that is not a healthy practice for me but that still depends on you OP. What important is that we are aware of our betting habits and we know ourselves that overspending leads to no good but serious financial concern especially if we keep doing this. We don't have to wait for it will compromise our finances before we take action and correct our gambling habits as we can no longer turn back the time.

[Beparanf]

I can still go up to 5% of my income for gambling but I do not think I can go up to 10%. 10% seem to high for me. Bankroll is very important but I almost not have any bankroll at all for gambling because there are some weeks that I do not gamble. But if I gamble at times, I only do not go more than 5%. In average, I do not think I go more than 1%.

But 1% is always the recommendation.

I believe the OP 5% to 10% figure is regarding the bet size in proportion to the bankroll you set. I think 5%-10% is already huge amount considering that it’s for gambling only. I usually just gamble using my side hustle profit and never touch my job salary so that any potential loss in gambling will not affect my family finances.

Don't bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month. This table shows how much you can gamble each month to follow this guideline.

This is a very informative piece of knowledge on how to manage bankroll properly based on the income. The percentages base used is pretty tight which is perfect allocation for gambling.

[Dr.Bitcoin_Strange]

As a season gambler, any time I make up my mind to gamble, I usually set aside a specific amount that I wish to gamble with. I don't just deposit all my money to the casino, neither do I deposit more than the amount I can afford to lose. Even in the past when I was gambling so often, I still don't spend everything I had on gambling. Managing bankroll is easier when you knows that gambling in not an investment but rather where you are going to have fun and expect some profit that is uncertain.

[Jody.Drummer]

I don't think it can be completely known because after all in gambling there are always two types of gamblers where there are some of them who always apply caution and some others are those who always take various actions without any consideration and prevention which is simply put they are gamblers who are already addicted or who have a significant level of interest in gambling which means that I believe that it is very unlikely for them to think of anything that can minimize the possibility of losses such as setting a small bankroll before starting their gambling.

And maybe I will also say honestly that before I was one of those gamblers who did everything without direction and without any consideration but in the end when I experienced various adverse effects especially losing large amounts of money in the end I changed my approach to gambling by minimizing the amount of budget I bet.

[danherbias07]

Yes, I do.
Actually, in this Finals game of the NBA I only set $20 per game in the series, and after that I won't even bet on anything anymore even though I have knowledge about other sports.
Also, I am not changing that amount even though I lost 3 times in a row. I know there are gamblers who would try to chase their losses and let's say they lost 3 times so that's $60 which means they will put that same amount when the next game comes. I don't do that. I stick with my planned budget at each game and hopefully make more before the series ends. Sometimes I do try leaving $2 and use that in making the same game parlay with player props.
That $2 cut was from the $20, so that leaves only $18 for the bet of preferred team.

[Sunderland]

"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?

Please share your experience whether positive or negative and what you learn from it.

It is a must and an obligation so that we can control the way we play/money management including our emotion.
Usually I always use 33% of the bankroll to bet a single bet on sports, if it win I will bet again for 33% of the bankroll + profit from the previous bet.
If it win again then the next bet amount is 33% bankroll + profits from the previous 2 wins and if it lose - always back using only 33% of the bankroll.
This is usually called a reserve martingale and I think is better than the martingale system.