Do you set a specific bankroll before gambling or not?

[summonerrk]

"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.

Yes, absolutely well. Its because I learned from my previous mistakes related to gambling, because before I became too addicted to gambling to the point that I stopped thinking about the expenses and ended up using some of my salary. The worst is that I used my one whole cut off of the month for gambling, and sadly, I lost it all. From there, I became more aware of what was happening, and somehow I learned to limit and control my gambling. So now, before I gamble, I should have allocated funds either from my salary or from my other extra income. In that way, when I lose all the allocated budget I have for gambling, that's the time when I will stop gambling and wait for the time that I can have another set of funds that I could use for gambling. And I think that is important for those who can't afford to lose a huge amount of money.

Everyone makes mistakes. The key is that you are learning and becoming wiser in your financial management. That is wonderful. Creating a budget specifically for gambling? Smart action.

Gambling isnt a retirement strategy. Though its exciting and pleasant, its not where you shape your future. Your head is on your shoulders really nicely. Take advantage of it. Consider various approaches of increasing your wealth. Perhaps speak with some financial professionals; they know a bit about winning.

The aim is to be set for life, not only to have pleasure. You've got this.

I think that only those who have won the jackpot can afford to retire from gambling. I mean a one-time prize, which will last for a lifetime, with a calculation in the order of 500-1000 dollars per month. It depends on whether the gambler has a family, or whether he has his own apartment. I don't even consider other ways to retire due to gambling.
Gambler cannot win periodically and win on a regular basis, while receiving winnings at the casino. The casino always wins in the end, at the expense of commissions.

Therefore, you can not count on stability with this type of earnings. You need a business or a basic job, or savings in cryptocurrency.

[Coin_trader]

I think that only those who have won the jackpot can afford to retire from gambling. I mean a one-time prize, which will last for a lifetime, with a calculation in the order of 500-1000 dollars per month. It depends on whether the gambler has a family, or whether he has his own apartment. I don't even consider other ways to retire due to gambling.
Gambler cannot win periodically and win on a regular basis, while receiving winnings at the casino. The casino always wins in the end, at the expense of commissions.

Therefore, you can not count on stability with this type of earnings. You need a business or a basic job, or savings in cryptocurrency.

There’s a lot of jackpot winner on lottery that won big became poor again after few years since jackpot winners usually full of greediness to earn more that’s why it’s very hard for them to be contented.

As a natural gambler that won huge amount. It’s almost impossible to stop gambling when you already have the taste of winning big time. Maybe gambling using less bankroll but totally retiring is almost impossible.

So far there’s no news or only very few that manage to retire successfully after winning jackpot.

[o48o]

"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.

I do, definitely. But i also know beforehand when i have money available, so that might seem like i am gambling randomly if have money. I am not sure what you mean by "5% to 10% per wager", but i might gamble 1-2% of my monthly income after all necessary expenses. So it's not a lot.

I do use bankroll as i know myself already and how i behave if i don't follow my own rules. It's for my own protection even though i need to remind myself of that from time to time. But it's pretty much now burned into my brain, that i can't do any new financial decisions in the middle of month and give myself more "allowance" for gambling. There's addict inside of me and it needs to be controlled, or it will ruin my life like it has tried to do many times.

Tight budget makes me also feel secure and ironically more free, as i don't have to think and worry of consiquences of my spendings. But i can enjoy freely in no-harm zone, if i don't cross my own direct guidelines that i have carefully designed for myself.

[DaNNy001]

I think that only those who have won the jackpot can afford to retire from gambling. I mean a one-time prize, which will last for a lifetime, with a calculation in the order of 500-1000 dollars per month. It depends on whether the gambler has a family, or whether he has his own apartment. I don't even consider other ways to retire due to gambling.
Gambler cannot win periodically and win on a regular basis, while receiving winnings at the casino. The casino always wins in the end, at the expense of commissions.

Therefore, you can not count on stability with this type of earnings. You need a business or a basic job, or savings in cryptocurrency.

There’s a lot of jackpot winner on lottery that won big became poor again after few years since jackpot winners usually full of greediness to earn more that’s why it’s very hard for them to be contented.

As a natural gambler that won huge amount. It’s almost impossible to stop gambling when you already have the taste of winning big time. Maybe gambling using less bankroll but totally retiring is almost impossible.

So far there’s no news or only very few that manage to retire successfully after winning jackpot.

It's almost impossible to have experience a big win in gambling and still maintain the same staking power or bankroll when betting and this is because the moment that money hits your system everything entirely changes and start aiming hire and bigger just because you want to get that winning or amount back and that's when the need to increase your staking power will come into play because it's gonna be all what you are thinking and that's hitting or winning that same huge amount or even something bigger.

[Zigabel]

I always use some form of bankroll management because, in sports betting, it's easy to lose your gambling budget in minutes and not having one could cause you to be greedy and lose more bets. If you lose your deposit faster than expected, you'll sometimes be encouraged to spend more only to refill your balance. Also, as the others mentioned, you'd even get the urge to chase after your losses, and it can get pretty bad real fast if you struggle to control yourself.

You are correct and that is why it's always a better way of gambling to have a gambling budget, it will help you avoid a whole lot, such as not turning out greedy, not also spending irresponsibly and more than you can afford to loose in other not to end up gambling recklessly in the bid to probably recover that which you had lost gambling. Some gamblers do not employ their method because they believe they have been able to get to the point where it doesn't really matter as they know how well to handle the situation until it does turn against them, although some of them are actually able to maintain that style and not really have challenges with it but I still believe somehow there will be a set target in their mind which they would want to reach except for some cases where it then turns out they become greedy probably out of the fact that they have been able to win multiple times, they begin to think they can still try again and be lucky. Gambling with a bankroll Always remains the best options and most responsible way of gambling.

[ethereumhunter]

Although we consider winning and losing in gambling entirely up to luck, there are certain strategies that, if maintained, make it easier to manage gambling properly. And one of the important things among them is money management. When we talk about money management, gambling bankroll management will be mentioned again and again. In gambling I try to pay close attention to the bankroll as it controls my spending levels to some extent. There are many who use their betting money according to the bankroll. When I have enough money in my gambling account I will place bets accordingly. Therefore, bankroll management plays an important role in gambling.

The strategy to playing gambling is how you can manage your money to be used to gambling. If you can manage your money properly, you will not lose too big money and you knows when you must stops gambling before you lose much money. Setting a specific bankroll before gambling is important so you don't break your limitation and you can enjoy your gambling time.

While you playing gambling, you can see how much you lose and can thinks clear that you don't have playing gambling too long. You just playing gambling based on your bankroll and not force yourself to keeps playing gambling, especially if you already lose some money. You will thinks that gambling is only for have fun so you can limits yourself by always counts your lose and stops playing gambling immediately. It needs practice so you can knows your bankroll that you can use to playing gambling and that's worth to keeps trying.

[FanEagle]

Every time, without exception. I always have a limit and I deposit that money once a month and I never gamble more than that. I know that most people may lose control and end up spending more than what they initially wanted, but it has been exactly 8 years last month that I have not wagered a single cent more than what I decided, that's it.

Every month, I deposit a money, and sometimes I lose it quickly because I get unlucky, then I end up waiting all the way until the next month and not spend a dime, sometimes I do win big, and I just keep gambling, it has happened many times where I just didn't deposit money for a few months because my win allowed me to gamble a few more months without depositing. I just keep going with that method for sure.

[sompitonov]

Although we consider winning and losing in gambling entirely up to luck, there are certain strategies that, if maintained, make it easier to manage gambling properly. And one of the important things among them is money management. When we talk about money management, gambling bankroll management will be mentioned again and again. In gambling I try to pay close attention to the bankroll as it controls my spending levels to some extent. There are many who use their betting money according to the bankroll. When I have enough money in my gambling account I will place bets accordingly. Therefore, bankroll management plays an important role in gambling.

The strategy to playing gambling is how you can manage your money to be used to gambling. If you can manage your money properly, you will not lose too big money and you knows when you must stops gambling before you lose much money. Setting a specific bankroll before gambling is important so you don't break your limitation and you can enjoy your gambling time.

While you playing gambling, you can see how much you lose and can thinks clear that you don't have playing gambling too long. You just playing gambling based on your bankroll and not force yourself to keeps playing gambling, especially if you already lose some money. You will thinks that gambling is only for have fun so you can limits yourself by always counts your lose and stops playing gambling immediately. It needs practice so you can knows your bankroll that you can use to playing gambling and that's worth to keeps trying.

I personally understood what a bankroll is and how to manage it a long time ago when I started my journey in poker. In those ancient times, I studied a lot of theory and spent a lot of time studying the bankroll. The fact is that poker players have strict rules for increasing their bankroll, and it depends on the skill of the game and the limits, you've probably heard about it. In general, when we just start playing and we have a weak level and the player gradually increases it, he increases his bankroll and can move to other, more professional levels of the game, where the players are also stronger. Accordingly, the influence of dispersion increases and we need a large bankroll to rise even higher, if our level of poker play allows it.

I want to say that you need to have a very strong discipline in this, and I was able to stick to these rules for about six months, but then I started playing without following these rules and ended up losing my entire bankroll. I think those who know how to follow such rules in poker and are professionals, this is very difficult to do, I checked it on myself.

[gunhell16]

"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.

Yes, absolutely well. Its because I learned from my previous mistakes related to gambling, because before I became too addicted to gambling to the point that I stopped thinking about the expenses and ended up using some of my salary. The worst is that I used my one whole cut off of the month for gambling, and sadly, I lost it all. From there, I became more aware of what was happening, and somehow I learned to limit and control my gambling. So now, before I gamble, I should have allocated funds either from my salary or from my other extra income. In that way, when I lose all the allocated budget I have for gambling, that's the time when I will stop gambling and wait for the time that I can have another set of funds that I could use for gambling. And I think that is important for those who can't afford to lose a huge amount of money.

Everyone makes mistakes. The key is that you are learning and becoming wiser in your financial management. That is wonderful. Creating a budget specifically for gambling? Smart action.

Gambling isnt a retirement strategy. Though its exciting and pleasant, its not where you shape your future. Your head is on your shoulders really nicely. Take advantage of it. Consider various approaches of increasing your wealth. Perhaps speak with some financial professionals; they know a bit about winning.

The aim is to be set for life, not only to have pleasure. You've got this.

I think that only those who have won the jackpot can afford to retire from gambling. I mean a one-time prize, which will last for a lifetime, with a calculation in the order of 500-1000 dollars per month. It depends on whether the gambler has a family, or whether he has his own apartment. I don't even consider other ways to retire due to gambling.
Gambler cannot win periodically and win on a regular basis, while receiving winnings at the casino. The casino always wins in the end, at the expense of commissions.

Therefore, you can not count on stability with this type of earnings. You need a business or a basic job, or savings in cryptocurrency.

It is difficult to have a regular income if we take it or do it on any online casino gambling platform. Because it's just luck to really win here on the casino platform in the crypto space.

So it's only right that if you are a gambler who gambles often, you should have at least a regular job because if you don't have a bigger problem, others might do something
bad in the end just to be able to gamble.

[peter0425]

of course as a responsible gambler , though when I started gambling I dont really know about this  not until i become bad  in gambling, and now i learn my lesson so only putting specific bank roll each time I wanna gamble .

be responsible , use bank roll set up guys .

[Jody.Drummer]

of course as a responsible gambler , though when I started gambling I dont really know about this  not until i become bad  in gambling, and now i learn my lesson so only putting specific bank roll each time I wanna gamble .

be responsible , use bank roll set up guys .

Responsibility in gambling is a skill that is always recommended to be possessed by gamblers, because after all, with this ability, they will most likely be able to avoid the possibility of losing large amounts of money, but yes as we know that the majority of gamblers are those who are always difficult to apply these abilities in their gambling approach, and I would say that one of the reasons is because usually from the beginning they are too tempted or too focused on winning, so in the end they always take various actions that tend to be excessive because they are always chasing big wins.

And obviously with such an approach and mindset it will certainly be very difficult to be responsible for the results that will occur at the end of the session, especially when you experience defeat, after all gambling is an activity that should not be overly prioritized because there is no certainty and any guarantee to always be able to produce victory. This means that losing can cause emotions and regret when you gamble excessively by using a budget that is too large, so because of this we are always advised to only bet small amounts because it is an amount that will be easier to account for.

[Su-asa]

of course as a responsible gambler , though when I started gambling I dont really know about this  not until i become bad  in gambling, and now i learn my lesson so only putting specific bank roll each time I wanna gamble .

be responsible , use bank roll set up guys .

Obviously many gamblers deposits money into their betting account before they start gambling, which means they dont deposit all their money their savings on it, it's only few gamblers that deposits all the money in their bank account into their betting account, and they lose them all. However gamblers who don't gamble responsibly end up losing everything they got, as a gambler you need to gamble responsible because a responsible gambler don't get addicted to gamble easily. It's good to hear that you leaned your lessons and know how to gamble responsible.

[ChiBitCTy]

"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.

For me it depends on what type of betting/gambling I plan on doing.  If I'm planning on logging in to a casino and playing say roulette or black jack or poker ( Texas Hold'em is my favorite game of all time ) then I will just take a portion of my bank roll and know exactly how much I have to lose.  When it comes to NFL football season, it's a totally different ball game for me as this is my favorite sport by far, and the one I know the most about, so I up my bank roll during the NFL season, but only for NFL betting.

[xLays]

"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.

Well, sometimes it really helps to avoid unnecessary loss, just in case you do lose. Setting your bankroll is like setting a stop-loss. Both are about controlling risk and preventing unnecessary losses. But even when I set these kinds of limits, I always disregard them when I'm enjoying the game. You know, when dopamine hits you forget everything you set.

[Mahanton]

of course as a responsible gambler , though when I started gambling I dont really know about this  not until i become bad  in gambling, and now i learn my lesson so only putting specific bank roll each time I wanna gamble .

be responsible , use bank roll set up guys .

Obviously many gamblers deposits money into their betting account before they start gambling, which means they dont deposit all their money their savings on it, it's only few gamblers that deposits all the money in their bank account into their betting account, and they lose them all. However gamblers who don't gamble responsibly end up losing everything they got, as a gambler you need to gamble responsible because a responsible gambler don't get addicted to gamble easily. It's good to hear that you leaned your lessons and know how to gamble responsible.

For sure majority of us would really be having that main consideration when it comes into depositing money into the casino or betting sites on which we would really be having that specific bankroll that we would really be starting on. The only difference on here is on how good you would be on controlling yourself on not to make another deposit on the moment that you would really be losing up money. The only issue on here is that
you wont really be that making be able to get out when you are in profits or simply that stop on the moment that you are losing that much. It really just that a standard thing that you should really know on what you are doing and having that kind of moderation in terms of finances because people do usually mess up their lives just because they had just  forgotten on doing the basics or simply cant be able to control themselves.

On the moment that you do play or make up some bets then it would really be impossible for you not to be able to find out whether you are profiting or not. Midway pause or stopping
is the hardest challenge that we could really be able to experience and most people or gambler do really fail on this one.

[Dewi Aries]

"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.

Well, sometimes it really helps to avoid unnecessary loss, just in case you do lose. Setting your bankroll is like setting a stop-loss. Both are about controlling risk and preventing unnecessary losses. But even when I set these kinds of limits, I always disregard them when I'm enjoying the game. You know, when dopamine hits you forget everything you set.

Exactly, meaning that setting a good plan in your gambling activities does not mean that you really make you avoid completely from bad possibilities. Humans are social creatures and they have different feelings and personalities, some of them are easily provoked in the sense that they easily get emotional or upset when they see or know anything that is not to their liking in any case, and there are also some people who have a high level of "forgetfulness" in themselves. Although implementing a plan that leads to limits will always be something good to be used as a prevention tool, but on the other hand of course there will always be certain times for you to get out of control for various reasons such as forgetting the precautions that you have previously prepared unconsciously which is also not only influenced by habits that have been integrated into the personality such as forgetfulness or easily emotional because of the slightest thing, but also increased dopamine levels as you said it can also be an initial trigger for actions that are not recommended. However, implementing a plan that leads to prevention is always better than nothing.

[peter0425]

of course as a responsible gambler , though when I started gambling I dont really know about this  not until i become bad  in gambling, and now i learn my lesson so only putting specific bank roll each time I wanna gamble .

be responsible , use bank roll set up guys .

Obviously many gamblers deposits money into their betting account before they start gambling, which means they dont deposit all their money their savings on it, it's only few gamblers that deposits all the money in their bank account into their betting account, and they lose them all. However gamblers who don't gamble responsibly end up losing everything they got, as a gambler you need to gamble responsible because a responsible gambler don't get addicted to gamble easily. It's good to hear that you leaned your lessons and know how to gamble responsible.

yes that is a normal thing when you are newbie in gambling most specially in online gambling that we are not knowledgeable how much risky and addicted this area comparing to physical casinos .
but knowing all of those what I do  believe is that if we have a mentor that guide us since day one? for sure we will never fell from that mistakes of not setting our bank rolls but since we already did then better to use that as experience learning and never do the same fault again.

[Hirose UK]

Personally, I will set the money in my bankroll that can be used for gambling according to the amount that I can receive when I lose it, but on the other hand I can also use it to gamble when I want.
Everything will remain within limits and the most important thing is that the use of money does not make gamblers feel sad and try to recover it when they lose, recovering losses or greed are two bad things that must be avoided.
I sure not all gamblers can do it, but for those who are responsible and can have the right goals and approach in gambling, they will always prioritize money and time limits because this is the most important thing.

I have experienced the bitter sweetness of gambling and anyone who has had the same experience and is able to think clearly will definitely be able to determine what attitude to take in order to maintain financial stability and for themselves.
There are lots of bad experiences from many gamblers, this indirectly provides learning and every gambler must take valuable lessons from every experience.

[summonerrk]

We definitely need to set ourselves a limit on what we can spend on gambling. After all, this affects not only the conscious perception of the game, but also the unconscious thinking. And then the style of play changes, and the gambler behaves much more carefully in the casino or betting. And at the same time, there is an amazing property: the player begins to receive more emotions.
This is because the gambler expects to receive a certain amount of emotions for a certain amount of his deposit. And if such a limit is not set, then the gambler's feelings are mixed. Part of his mind understands that he can play for a long time, losing all the money. And it shouldn't be like that.

[carlfebz2]

We definitely need to set ourselves a limit on what we can spend on gambling. After all, this affects not only the conscious perception of the game, but also the unconscious thinking. And then the style of play changes, and the gambler behaves much more carefully in the casino or betting. And at the same time, there is an amazing property: the player begins to receive more emotions.
This is because the gambler expects to receive a certain amount of emotions for a certain amount of his deposit. And if such a limit is not set, then the gambler's feelings are mixed. Part of his mind understands that he can play for a long time, losing all the money. And it shouldn't be like that.

Setting up limits would really be the key on which this is something that you would really be needing for you not to be able to get easily get addicted with gambling. On the moment that you do find
yourself having no control then this is where people do usually mess up on the moment that they will really be having no control with their emotions because on the moment that you would
be chasing up your loses then this is where you would really be having that huge possibility that you would be getting addicted and we do know on where this would really be ending up.

One of the main reasons on why gambling companies or platforms or businesses are really that profitable due to people greed and impulsive emotions because on the moment that they will really be
that tolerating those emotions then this is where they would really be committing out those huge mistakes on doing gambling and ending up on having that miserable life.
It would really be just that normal that you would really be making up those budgeting or allocating some gambling funds that you could make use into.