Is the 1–3% bankroll strategy realistic for casual bettors?

[Mpamaegbu]

Most guides about sports betting always talk about bankroll management, and the common advice I see is to only bet around 1–3% of your bankroll per bet.

I don't like doing the per bet thing. It's safer doing a certain amount on a daily or weekly estimation. Once I run out of my set amount for the day or week, I stay out. What I meant by that is this – if I've like 3% of my weekly income set aside for games in a week. I don't like splitting it further on each games. I could do the whole 3% on a single game I fancy to have better winning odds. Just cast the whole thing there and watch what happens. If the bet flops, I'm done for the whole week. If it wins, I've better profit to be excited about. In the past, I used to believe splitting it helps but now I know it doesn't.

The thinking behind it is simple, protect your bankroll so even if you run into a bad streak, you still have funds left to continue betting.

Nothing captures that accurately than that comment.

Do you actually follow that 1–3% rule every time you place a bet, or do you just wager whatever amount feels right at the moment?

Yes, I wager whatever amount feels right at the time I'm staking and not necessarily on a percentage thing.

[danherbias07]

I can see quite a few new gambling sites here. I have never played on so many gambling sites before. Personally, I used to play less than I could afford. Sometimes I got greedy and lost a lot. It is better to limit our budget while gambling. But there are many times when you can't control yourself. At first, I limited my budget. But now gambling has almost become an addiction. Recently, I have limited my budget for gambling. And I have focused on saving. Because although it is easy to set a tolerable amount of money as a bankroll, over time we get used to our own rules. So, I will play as much as possible with a limited budget.

When we cannot control ourselves anymore and are thinking about increasing the bet amount just because we are chasing losses, it means we have to stop first.

There are times when our judgment is clouded by revenge, and we are not thinking straight, so we want our money back as fast as we can. Sometimes, we bet on games that we don't really have knowledge about just because we want it back right now. IMO, that is a wrong strategy, and it all just leads to more chaos financially. Plus, the exercise to follow the bankroll strategy will also be unobserved, and it could lead to becoming less disciplined in doing it.

[Johnlomape]

I can see quite a few new gambling sites here. I have never played on so many gambling sites before. Personally, I used to play less than I could afford. Sometimes I got greedy and lost a lot. It is better to limit our budget while gambling. But there are many times when you can't control yourself. At first, I limited my budget. But now gambling has almost become an addiction. Recently, I have limited my budget for gambling. And I have focused on saving. Because although it is easy to set a tolerable amount of money as a bankroll, over time we get used to our own rules. So, I will play as much as possible with a limited budget.

When we cannot control ourselves anymore and are thinking about increasing the bet amount just because we are chasing losses, it means we have to stop first.

There are times when our judgment is clouded by revenge, and we are not thinking straight, so we want our money back as fast as we can. Sometimes, we bet on games that we don't really have knowledge about just because we want it back right now. IMO, that is a wrong strategy, and it all just leads to more chaos financially. Plus, the exercise to follow the bankroll strategy will also be unobserved, and it could lead to becoming less disciplined in doing it.

Different gamblers with different believe that will make them profitable in when gambling. This kind of behavior of a gambler trying to increase their daily betting percentage just because they want to chase their loses.
Everyone has their own gambling pattern and strategies so I will not bother to follow a gambler to increase gambling percentage.
Greed is everywhere and even if you are very disciplined there will be a time when you are going to gamble more than your normal routine.

[Wakate]

I can see quite a few new gambling sites here. I have never played on so many gambling sites before. Personally, I used to play less than I could afford. Sometimes I got greedy and lost a lot. It is better to limit our budget while gambling. But there are many times when you can't control yourself. At first, I limited my budget. But now gambling has almost become an addiction. Recently, I have limited my budget for gambling. And I have focused on saving. Because although it is easy to set a tolerable amount of money as a bankroll, over time we get used to our own rules. So, I will play as much as possible with a limited budget.

When we cannot control ourselves anymore and are thinking about increasing the bet amount just because we are chasing losses, it means we have to stop first.

Chasing loses has worked for some gamblers and have become a problem for majority and this is the reason why gamblers are advised not to vhase loses because of the the effect that can be associated to it. If you are good at chasing gambling loses, you may not have much problem gambling and chasing loses at the same time even if it can be quite dangerous to chase loses.

[TheUltraElite]

Chasing loses has worked for some gamblers and have become a problem for majority and this is the reason why gamblers are advised not to vhase loses because of the the effect that can be associated to it. If you are good at chasing gambling loses, you may not have much problem gambling and chasing loses at the same time even if it can be quite dangerous to chase loses.

Chasing losses is never a good thing an nobody is good at doing it because the games are based on luck and not determination from your side. The more your chase a loss the more the cumulative loss amount will become.

The <1% of bankroll and similar type rules are there to deter people from betting more than what they can chew on.

Because the game seems like such that you can make money back from it, hence this problem exists. But one should understand that the coming bets are not dependent on the previously gone bets. Having a huge red streak does not guarantee a green bet.

[Dunamisx]

Do you actually follow that 1–3% rule every time you place a bet, or do you just wager whatever amount feels right at the moment?

A wager any amount of money I decided to use for gambling, I don't follow the 1 to 3% rate, sometime the rate I use before within this seed range and in some situation things will go beyond or below as well, I don't gamble based on other people's opinion, instead I follow my mind and the strategy I wanted to use in playing my game.

[Cointxz]

Do you actually follow that 1–3% rule every time you place a bet, or do you just wager whatever amount feels right at the moment?

A wager any amount of money I decided to use for gambling, I don't follow the 1 to 3% rate, sometime the rate I use before within this seed range and in some situation things will go beyond or below as well, I don't gamble based on other people's opinion, instead I follow my mind and the strategy I wanted to use in playing my game.

What you’re doing is valid point since you have freedom to determine whatever you want to bet without considering what’s deemed standard by other gambler.

In blackjack, there’s some guidelines that your bankroll should be equal to 500 to 1000 bet units to make it more efficient when use the strategy to lower the bankroll and some sort of card count but I don’t follow this in normal scenario since I don’t have time to play that long with slow betting due to my eye constraints condition.

It’s up to the user to determine whatever will make them happy to bey but it’s not wrong either to follow this kind of bankroll strategy if you want to play in this manner without sacrificing your own entertainment.

[LastKiss]

Do you actually follow that 1–3% rule every time you place a bet, or do you just wager whatever amount feels right at the moment?

A wager any amount of money I decided to use for gambling, I don't follow the 1 to 3% rate, sometime the rate I use before within this seed range and in some situation things will go beyond or below as well, I don't gamble based on other people's opinion, instead I follow my mind and the strategy I wanted to use in playing my game.

What you’re doing is valid point since you have freedom to determine whatever you want to bet without considering what’s deemed standard by other gambler.

~snip~

At least by having the freedom to decide how much money we can afford to spend, we can stay consistent with that mindset(afford to spend). I'm afraid that if we don't set limits for ourselves when gambling, we may lose control and overspend like when we lose a small amount, we might increase it then increase it again after another loss and keep repeating the cycle. In the end, we could lose much more money than we realize because we feel like we can afford it.

[mak013]

~
Do you actually follow that 1–3% rule every time you place a bet, or do you just wager whatever amount feels right at the moment?

And if you already know about this strategy, did it actually sink in your mind to follow it strictly, or is it something that sounds good in theory but hard to apply in practice?

I started the game with 5% per bet. But my bankroll was small enough and when i tested my strategy win rate on week frame never was less than 45%, mostly 55+%.
Few months later my bet size was about 3-4%. A year later it was 2-3% per bet. I recalculated bet size monthly but it was between 2 and 3 percent until i stopped the game.

I knew about this strategy, but i calculated my bet size with other reasons, not bankroll percent. As the result - bet size was equal this rule. May be it prove that it is good rule?

[rachael9385]

I don't think a 1% bankroll strategy offers any particular advantages to players. The only positive thing it can do is reduce the rate at which you lose your bankroll. But if you want your bankroll to melt even more slowly, you could use, say, 0.5% per bet instead of 1%. Many people idolize risk management, but they don't realize there's no magic involved. You win thanks to your playing strategy, not your bankroll strategy. It's funny how players often confuse the two.

In as much as I think that this is might be an effective way to minimize losses in gambling I still think that there is no difference between this and not gambling at all because there is nothing significant the gambler gains from using 1 to 3 percent only. Like you said, playing strategy is what actually matters, doing this doesn't increase your chances of winning it only reduces the losses you incur overtime.

[danherbias07]

Do you actually follow that 1–3% rule every time you place a bet, or do you just wager whatever amount feels right at the moment?

A wager any amount of money I decided to use for gambling, I don't follow the 1 to 3% rate, sometime the rate I use before within this seed range and in some situation things will go beyond or below as well, I don't gamble based on other people's opinion, instead I follow my mind and the strategy I wanted to use in playing my game.

It might work for sports betting, but I doubt it can for slot and casino games. Those games eat money like we are cows that they can milk until we are dried out. With the discipline of only using a percentage of your salary, you can avoid that from happening.
I have been in a situation where I regretted wasting all my salary on slots, and I will never do it again. That experience actually made me realize that there must be a budget when playing those types of games. I need to end it at some point, and the discipline is not coming back just to test my luck one more time. The amount set is what I will only spend, and that's it.

[xenomorfo]

It might work for sports betting, but I doubt it can for slot and casino games. Those games eat money like we are cows that they can milk until we are dried out. With the discipline of only using a percentage of your salary, you can avoid that from happening.
I have been in a situation where I regretted wasting all my salary on slots, and I will never do it again. That experience actually made me realize that there must be a budget when playing those types of games. I need to end it at some point, and the discipline is not coming back just to test my luck one more time. The amount set is what I will only spend, and that's it.

I'm not capable of doing these calculations, using part of the salary bla bla
I already have a headache, I'll explain how i do it, not so much for betting but for gambling, the only game i allow myself is with friends, we play poker once a week
I decided to invest 10 euros a week for a total of 40 euros a month, the end

[Fortify]

Most guides about sports betting always talk about bankroll management, and the common advice I see is to only bet around 1–3% of your bankroll per bet.

From what I’ve seen and read, a lot of those who claim to be profitable bettors are actually very conservative with their bets. Their focus is more on surviving long term instead of trying to hit quick profits. The thinking behind it is simple, protect your bankroll so even if you run into a bad streak, you still have funds left to continue betting.

But honestly I’m wondering how realistic that really is for casual gamblers like us.

Do you actually follow that 1–3% rule every time you place a bet, or do you just wager whatever amount feels right at the moment?

And if you already know about this strategy, did it actually sink in your mind to follow it strictly, or is it something that sounds good in theory but hard to apply in practice?

Bankroll management strongly suggests that there is some kind of strategy or possibility that you can make a long term profit from the game. Unless you're counting cards in blackjack, a budding master at the poker table or somehow defying the odds (plus dodging bookmaker bans) at sports betting, then you're just managing how fast and slow you're going to lose money. It's highly dependent on what particular game you're playing but the idea is that you don't lose too much money in one particular session, because variance can cause downward swings but if your bankroll gets too low then it can break you psychologically and it is also a good way to measure when you should be moving up the table buy ins.

[EluguHcman]

I don't think a 1% bankroll strategy offers any particular advantages to players. The only positive thing it can do is reduce the rate at which you lose your bankroll. But if you want your bankroll to melt even more slowly, you could use, say, 0.5% per bet instead of 1%. Many people idolize risk management, but they don't realize there's no magic involved. You win thanks to your playing strategy, not your bankroll strategy. It's funny how players often confuse the two.

In as much as I think that this is might be an effective way to minimize losses in gambling I still think that there is no difference between this and not gambling at all because there is nothing significant the gambler gains from using 1 to 3 percent only. Like you said, playing strategy is what actually matters, doing this doesn't increase your chances of winning it only reduces the losses you incur overtime.

What is the argument here? Is anyone betting that bankroll is a probability of winning guess bets? I guess not because small bankroll can only help you to manage your budgets while you may have very short term to stay active in the game.

Bigger bankroll again does not promise profitability but the probabilities of winning may be high because consistency gives a privilege that when you don't win today, tomorrow may be another promising day and so on depending on how long your bankroll csn be sustainable.

In all, good bankroll management is the best whereas, you don't make budgets that is beyond your affordability or risk tolerance.

[Cantsay]

I'm not capable of doing these calculations, using part of the salary bla bla
I already have a headache, I'll explain how i do it, not so much for betting but for gambling, the only game i allow myself is with friends, we play poker once a week
I decided to invest 10 euros a week for a total of 40 euros a month, the end

As I said in my previous post, I don't like the idea of allocating a specific percentage of my bankroll. The whole thing is just complicating gambling for me, \the first reason I opened my gambling account was to have fun, so the whole accounting shit is making it less fun.

What I usually do is deposit the minimum allowed amount, or something close to it, and then gamble with it; that way, I don't have to struggle to figure out how much to stake on each bet. As long as the minimum deposit falls within the amount I can afford to lose, I'd gamble, but once it exceeds that, I don't gamble.

[Wakate]

It might work for sports betting, but I doubt it can for slot and casino games. Those games eat money like we are cows that they can milk until we are dried out. With the discipline of only using a percentage of your salary, you can avoid that from happening.
I have been in a situation where I regretted wasting all my salary on slots, and I will never do it again. That experience actually made me realize that there must be a budget when playing those types of games. I need to end it at some point, and the discipline is not coming back just to test my luck one more time. The amount set is what I will only spend, and that's it.

I'm not capable of doing these calculations, using part of the salary bla bla
I already have a headache, I'll explain how i do it, not so much for betting but for gambling, the only game i allow myself is with friends, we play poker once a week
I decided to invest 10 euros a week for a total of 40 euros a month, the end

This is not about using 10 euro weekly to gamble. It is about trying to use 1% to 3% of your bankroll to gamble.
You know that their are gamblers that will not mind to use 50% of their bankroll to gamble on a single game.
If you can use 1% to 3% of your bankroll to bet on each game, this will be less risky for you.

[xenomorfo]

As I said in my previous post, I don't like the idea of allocating a specific percentage of my bankroll. The whole thing is just complicating gambling for me, \the first reason I opened my gambling account was to have fun, so the whole accounting shit is making it less fun.

What I usually do is deposit the minimum allowed amount, or something close to it, and then gamble with it; that way, I don't have to struggle to figure out how much to stake on each bet. As long as the minimum deposit falls within the amount I can afford to lose, I'd gamble, but once it exceeds that, I don't gamble.

If you don't want to allocate a specific percentage of the bank roll, what do you want to do?
It's not complicated, you just don't want to do it, for some reason unknown to us.
You can't play randomly without knowing how much you spend and how you spend it.
You have to give yourself a limit or you risk going bankrupt.

[Don Pedro Dinero]

Do you actually follow that 1–3% rule every time you place a bet, or do you just wager whatever amount feels right at the moment?

No, personally I don't follow it because I only do the occasional sports bet from time to time so I don't see the point in it. And generally speaking, it doesn’t make much sense for casual bettors. If you’re trying to turn sports betting into a profitable venture, it’s not just that it makes sense – it’s a must. But if you’re the sort of person who only places a couple of bets, even if you do so regularly every week, well, you can set yourself a percentage limit so your money lasts longer, but your winnings will also be small. If you have $1,000 in the casino, and you bet 1%, i.e. $10, on a match with odds of 2 to 1, you’ll win a total of $20, or $10 net, which won’t amount to much.

[maydna]

I don't follow the 1-3% rule every time I place a bet, I will adjust my bet amount with the deposit money and that is the amount that I can afford to lose. I don't focus on surviving long term but just to bet on the game that I know.

If I can afford more than $5 for placing one bet, I will do it or vice versa but I am tightening my bet and not betting more than I can to avoid more losses.

[coinrifft]

I don't follow the 1-3% rule every time I place a bet, I will adjust my bet amount with the deposit money and that is the amount that I can afford to lose. I don't focus on surviving long term but just to bet on the game that I know.

If I can afford more than $5 for placing one bet, I will do it or vice versa but I am tightening my bet and not betting more than I can to avoid more losses.

Same here, it's like we gamblers have to follow certain amount of bankroll. What's important is control, maybe there are days that we can get over with that kind of bankroll and there are days that we just completely stop.

So for me, we shouldn't be like rigid and that it's like this and that. Everyone is very different in terms of our bankroll. Same as what our luck is, very different for most of us. The most important thing is that we have discipline and we shouldn't fall for being addicted.