You can't win in the long run without good bankroll management in sports.

[Ziskinberg]

Experts say that we need at least a 53% win rate to be profitable in the long run. That means proper bankroll management is essential. if we hit that percentage, profit is guaranteed.

But… let’s be real.
Most gamblers don’t really have the discipline to manage their bankroll properly. First, many don’t have a decent bankroll, making it difficult to manage bets with limited funds. As a result, even if we hit a 53% win rate in a single session, placing multiple bets, the moment we start losing, our emotions take over. That’s when we bet aggressively to chase losses, and more often than not, it leads to even bigger losses.

So the question is: Can we really be disciplined when it comes to bankroll management?
If not, what’s holding us back?

[Zadicar]

So the question is: Can we really be disciplined when it comes to bankroll management?
If not, what’s holding us back?

Why not?

We've been able to see those successful sports bettors but pretty sure that the challenges that they had encountered along the way is never been easy. Im not talking about into the game type itself but the main issue on here is about yourself and some other factors too on which you have said about not having that enough bankroll but talking about on personal aspects then emotion and discipline will really be that something that needs up to be adjusted or having to control.  It all matters about on a certain individual because not all do share up with the same mentality when it comes to handling out risks on which there are ones who are really that highly reactive and there are ones who are just simply chilling and betting according to fun and entertainment. Bankroll management should really be that in default because once you dont have this thing then it will really be a huge mess up into your betting or gambling activity.

[nullama]

Experts say that we need at least a 53% win rate to be profitable in the long run. That means proper bankroll management is essential. if we hit that percentage, profit is guaranteed.

But… let’s be real.
Most gamblers don’t really have the discipline to manage their bankroll properly. First, many don’t have a decent bankroll, making it difficult to manage bets with limited funds. As a result, even if we hit a 53% win rate in a single session, placing multiple bets, the moment we start losing, our emotions take over. That’s when we bet aggressively to chase losses, and more often than not, it leads to even bigger losses.

So the question is: Can we really be disciplined when it comes to bankroll management?
If not, what’s holding us back?

How can you get 53% odds of winning in a casino?

That seems odd.

Most casinos will offer bets that will give an advantage to the house, like 45/55 at least for example.

Having a higher than 50% chances of winning at a game with 2 possible outcomes would mean that you are guaranteed to win money in the long term, and therefore the casino would be bankrupt soon enough.

I don't buy this 53% figure.

[yahoo62278]

Quite a few gamblers are going all in on 1 bet vs using any sort of bankroll management. The only time I really have ever heard the term used is from poker players. I suppose the same thing could be applied to sports betting and it would definitely teach a bettor some discipline if they stick to it.

I think that's what's holding bettors back, the fact that they have no discipline. They have greed and want to hit a double up on every bet, but 1 loss and it's game over til payday.

[Ziskinberg]

Experts say that we need at least a 53% win rate to be profitable in the long run. That means proper bankroll management is essential. if we hit that percentage, profit is guaranteed.

But… let’s be real.
Most gamblers don’t really have the discipline to manage their bankroll properly. First, many don’t have a decent bankroll, making it difficult to manage bets with limited funds. As a result, even if we hit a 53% win rate in a single session, placing multiple bets, the moment we start losing, our emotions take over. That’s when we bet aggressively to chase losses, and more often than not, it leads to even bigger losses.

So the question is: Can we really be disciplined when it comes to bankroll management?
If not, what’s holding us back?

How can you get 53% odds of winning in a casino?

That seems odd.

Most casinos will offer bets that will give an advantage to the house, like 45/55 at least for example.

Having a higher than 50% chances of winning at a game with 2 possible outcomes would mean that you are guaranteed to win money in the long term, and therefore the casino would be bankrupt soon enough.

I don't buy this 53% figure.

I hope we're on the same page here.. are you still thinking about sports betting? Because this discussion is about sports betting.

Now, regarding the 53% win rate, here’s the explanation… ( I rounded it off).


What is the Break Even Win % for Sports Betting?

Breaking Even on Sports Betting
Overcoming the Juice
Much to the chagrin of novices, sportsbooks take 10% juice (a.k.a. Vigorish) from the losing side of a bet placed. So not only are you competing against your wager, you have to overcome the 10% Vig, too.

As a result, a bettor would need to win 52.4% of the time to beat the Vig and break even. While this doesn’t sound like a daunting number, a bettor would need to win more than the perceived 50% rate in order to compete with this tax of sorts. While not impossible, it’s not easy, and bettors will need to put in a lot of work when it comes to research and strategy.

[Dr.Bitcoin_Strange]

So the question is: Can we really be disciplined when it comes to bankroll management?
If not, what’s holding us back?

There're gamblers that are disciplined with their bankroll management and there are also many who are just random in their decision making and therefore doesn't have such level of discipline and you can not change the fact that not every gambler can and will be disciplined, but it really helps to be disciplined and practice a good bankroll management.
Just yesterday on the "Would you rather take it slow, or just aim for a huge parlay win?" Thread, I quoted a user who said they had rather just spend $100 to place a single bet rather than take is slowly because that's going to make them not so comfortable.  Some people can not be so patient with managing their bankroll, they want to do whatever they want quickly and get out with either a lose or a win. So, there's always individual difference in what ever we do, everyone can not be the same.

[Kelward]

Good bankroll management in sports bet and gambling generally comes down to discipline and how to achieve it is through having a budget. Responsible gambling centers on having a budget for your bets, have self control so that you don't exceed the amount planned for it. The benefits is that you won't be chasing loses because you already have a set amount for your bet, when you win you wouldn't over gamble with it because you've programmed your bankroll. Important to note is that amount that is budgeted for your bankroll should be what you can afford to loose.

[danherbias07]

I believe it can be done but like you said, emotions could sometimes ruin the process.

I don't jot down all my bets anymore but I am pretty sure I am not on deep losses when it comes to sports betting. My losses are mostly in slots. It's not like the losing streak in sports will keep on coming, there will be a time that we will win and a streak could also happen doing that.
I've seen it before when I was winning most of my bets every day in the NBA. But that only happened because I cannot decide yet on what team I will be a fan of. After watching some games, that's when it got messed up as I became emotional and made mistakes on my bets.
It's not the losses that made me change, becoming a fan can also be a factor in why we will lose our bets. Proper bankroll is needed, don't make it personal, and don't be vengeful.

[cabron]

53% doesn't look like a profitable rate. But its true though managing bankroll is not in every bettors mind. Been a sport fan and betting myself but not really getting serious in allocating funds to sports betting alone because all I do is whenever I found a good match, that's when I gamble. Its not a career path at all.

If any gambler in crypto taking managing bankroll seriously, he probably one of those who guys who have learned to use spreadsheets.  

[cryptoaddictchie]

So the question is: Can we really be disciplined when it comes to bankroll management?
If not, what’s holding us back?

Honestly im kind of gambler who played at the certain time and hoping to win and cash out some profits. Got some money used, and alloted for that with self discipline approach to stop when I hit a loss or ended my allocated fund for that, and withdraw those profits I gained if I did. Not keeping records of wins and money losses to recover from.

I didnt think honestly that there are serious users and gamblers opted to monitoring their gambling activity and saving up figures of all losses and win.

[salad daging]

Sometimes I myself have a bankroll that is not worth a small percentage for gambling so it is considered fun, maybe other bettors are serious about sports betting so they think about long-term winnings and it must meet the feasibility of the capital they have.

What is disciplined in bankroll management is not to exceed the specified limit, or smaller than that does not matter the important thing is not to exceed, but I do not think about the long term because it is too complicated if it is serious.

[Outhue]

I understand that a 53% win rate and bankroll management are not my primary concerns. I will only deposit what I can afford to lose in my betting account. Even if I am making $100, I have become accustomed to depositing just $1 for gambling. No matter the outcome, I will not be hurt financially and will return to my daily life, living like everyone else in the world.

I believe there is no room for bankruptcy, suicide, or depression on my side. Those who experience these unfortunate situations often see them coming. Gambling should be approached with a mindset focused on limiting losses at all costs because, in the end, whatever is meant to happen will happen.

Gambling excels at one thing: taking everything from you or giving you a fleeting taste of victory before ultimately reclaiming it all.

[Davidvictorson]

But… let’s be real.
Most gamblers don’t really have the discipline to manage their bankroll properly. First, many don’t have a decent bankroll, making it difficult to manage bets with limited funds. As a result, even if we hit a 53% win rate in a single session, placing multiple bets, the moment we start losing, our emotions take over. That’s when we bet aggressively to chase losses, and more often than not, it leads to even bigger losses.

Many sports bettors that I know and in the sports groups where betting on football is the subject of discussion, they don't talk about bankroll management. They only share the booking codes and you decide how you want to bet. Many of them put in all their monies at a go. Discipline is not the problem. The problem is that no one has talked to them about bankroll management. They don't care about bankroll management. All they want is to win.

[Japinat]

I believe it can be done but like you said, emotions could sometimes ruin the process.

I'm guilty of that too. I’ve lost count of how many times I tried to manage my bankroll, even keeping a spreadsheet to track my performance. But there’s always that little voice inside that makes us greedy, we’re never fully satisfied with our wins, and when we’re losing, we tend to chase. Once emotions take over, strategy goes out the window, and that becomes our biggest weakness.

No matter how much data we have on proper bankroll management, without discipline, we fail to follow it.
At the end of the day, even the best method is useless without the right execution.

[Sanitough]

Many sports bettors that I know and in the sports groups where betting on football is the subject of discussion, they don't talk about bankroll management. They only share the booking codes and you decide how you want to bet. Many of them put in all their monies at a go. Discipline is not the problem. The problem is that no one has talked to them about bankroll management. They don't care about bankroll management. All they want is to win.

That’s the mindset of typical gamblers. I think those who are disciplined with their bankroll are the ones who approach gambling professionally. They treat it like an investment, protecting their bankroll the way an investor protects their capital. If they end up in profit by the end of the season, that’s when they truly consider themselves successful. In short, their focus is long-term.

Meanwhile, for casual gamblers like us, a big win makes us feel like we’re really winning without even considering how much we’ve lost in the past. And that’s the difference.

[Yucky]

Although I have a budget for gambling, I don't always stick to it because I'm usually gambling for fun. Some weekends, I bet on more sports games than others. You see, my betting pattern is inconsistent, and the amount I bet varies. For games I'm confident about, because I know the teams well, I bet higher. for games I'm less familiar with, I bet lower.

While a 53% win rate is above average, I believe that to consider yourself successful, your win rate should be higher. Otherwise, a 53% win rate means you're still struggling but true good bankroll management helps track your amount you've spent on betting, wins to losses but you need consistent wins which depends on luck.

[Fivestar4everMVP]

Experts say that we need at least a 53% win rate to be profitable in the long run. That means proper bankroll management is essential. if we hit that percentage, profit is guaranteed.

But… let’s be real.
Most gamblers don’t really have the discipline to manage their bankroll properly. First, many don’t have a decent bankroll, making it difficult to manage bets with limited funds. As a result, even if we hit a 53% win rate in a single session, placing multiple bets, the moment we start losing, our emotions take over. That’s when we bet aggressively to chase losses, and more often than not, it leads to even bigger losses.

So the question is: Can we really be disciplined when it comes to bankroll management?
If not, what’s holding us back?

Before I answer you question, I would love to ask a simple question, and it's based on what you have said about having 53% win rate to be profitable in gambling in the long run, and my question is, how exactly does a gambler or sports bettor know when their win rate or chances of winning is exactly 53% or more, or even less? I mean, how does a person know the percentage of their win rate per time and moment?

And to answer your question about discipline, it is actually wrong to use the word "us" in the last sentence, and this is because discipline is an individual thing and something we collectively practice, anybody on their own can decide to practice discipline if he or she so desire.
So, achieving discipline for the management of a person bankroll is very possible, but that falls on the individual who's in charge of his or her own bankroll, it's not a general or collective thing to do.

[Rruchi man]

So the question is: Can we really be disciplined when it comes to bankroll management?
If not, what’s holding us back?

An individual who lacks discipline in real life and then ventures into gambling will also exhibit the same signs of indiscipline in gambling. This is not science but common sense.

If you are not a disciplined person, it would require extra efforts and consciousness for you to manage your bankroll properly. It is not something impossible.

[kotajikikox]

So the question is: Can we really be disciplined when it comes to bankroll management?

Nothing is impossible if we put our minds to it and to be honest, managing our bankroll is not really the hardest thing to do anyway. Just take note of three things: how much is your total bankroll, how much will you take from your bankroll for every bet, and how to find a system that works for you when computing your profit.

If not, what’s holding us back?

Obviously greed because you are wanting to not have a bankroll at all and just spend and spend with no regard of whether you are spending too much and whether you are even earning some profit.

[Jawhead999]

Now, regarding the 53% win rate, here’s the explanation… ( I rounded it off).
What is the Break Even Win % for Sports Betting?

Breaking
Much to the chagrin of novices, sportsbooks take 10% juice (a.k.a. Vigorish) from the losing side of a bet placed. So not only are you competing against your wager, you have to overcome the 10% Vig, too.

That's only work if the bookie take 10%, what if 13%? I've check many bookies take 13%. Use this site to calculate the juice rate https://www.bettoredge.com/fee-calculator

Imagine my winning percentage is 53% with 13% juice, if I bet $10 on 100 matches, I will only get $18.7 x 53 = $991.1 in return, which mean I'm loss about $9.9 from $1,000, so it's no longer working.

Odds matters, if you bet on low odds even you have 60%-70% winning chance, it's useless.