Without conservative bankroll management, it is easy to lose control in gambling

[pawanjain]

I’m saying this based on my own experience. I know it feels boring when you only wager 1% or 2% of your bankroll, because the wins feel small and slow. But that kind of limit is what keeps you disciplined, especially when you are going through a losing streak.

The problem starts when there is no bankroll management at all. You just bet based on how you feel, and once you start losing, your mind begins telling you to recover everything quickly. That is where chasing losses begins.

And most of the time, chasing does not end well. You increase your bets, you ignore your limits, and instead of recovering, you end up losing even more. This is why conservative bankroll management may look boring, but it is actually what keeps you safer from losing control.

Yeah I mean it does make sense. Bankroll management is necessary to sustain over the long term.
But I personally don't follow any specific strategy and gamble how I feel but make sure I am within my limits.
I have a selective betting range and within that limit I bet with whatever I amount I feel like while making sure I don't cross the upper limit.
I guess staying in control is what makes us disciplined and help us sustain over the long term.

[Agbamoni]

The problem starts when there is no bankroll management at all. You just bet based on how you feel, and once you start losing, your mind begins telling you to recover everything quickly. That is where chasing losses begins.

When there is bankroll management, the problem starts when there is an immediate need to double their bankroll. This occurs when an individual has an urgent financial need, so he sees gambling as the fastest way to double his current bankroll. On a regular day, he would stick to the usual bankroll management, but unfortunately, he needed the money urgently, which led him to gamble without following his bankroll management discipline.

[Darker45]

This is true. I can relate much with this. It's actually boring and frustrating when you go back to square one. It's all right if you've just started betting. We normally start small. The challenge comes when you've been winning and you're betting huge amounts already, but you hit a losing streak.

You're left with no choice but to start betting as if you've just started. The excitement is gone. Sometimes, I even feel like I don't care anymore if I lose it all. Even if I win, it seems it's no big deal. The fun starts coming back when you're winning once more and you can afford to bet bigger amounts.

[Achalugo BTC]

When there is bankroll management, the problem starts when there is an immediate need to double their bankroll. This occurs when an individual has an urgent financial need, so he sees gambling as the fastest way to double his current bankroll. On a regular day, he would stick to the usual bankroll management, but unfortunately, he needed the money urgently, which led him to gamble without following his bankroll management discipline.

Totally right, in gambling one needs to be extremely disciplined, in order to avoid any financial mistakes and yes, you are right that some gamblers do gamble with the intention of doubling their bankroll and that's a very wrong move or perspective towards gambling. So, for one to ensure safe gambling, they have to approach it with the right mindset because that's the only way they can gamble without having to mismanaging their bankroll.

[YOSHIE]

I’m saying this based on my own experience. I know it feels boring when you only wager 1% or 2% of your bankroll, because the wins feel small and slow.

For me, betting 1% or more is not a problem, the problem is how much someone understands about betting, for example sports betting, what percentage do they understand about betting.

Why do they apply financial management and budget up to 10% just to throw it away, without understanding betting properly, 1% is not a bad thing for beginners, they can understand the consequences of losses in gambling.

We may be aware that the bigger the percentage, the greater the risk of our bet. The point is to master this type of game and then set the betting percentage, to avoid big losses.

[Pi-network314159]

I’m saying this based on my own experience. I know it feels boring when you only wager 1% or 2% of your bankroll, because the wins feel small and slow. But that kind of limit is what keeps you disciplined, especially when you are going through a losing streak.

The problem starts when there is no bankroll management at all. You just bet based on how you feel, and once you start losing, your mind begins telling you to recover everything quickly. That is where chasing losses begins.

And most of the time, chasing does not end well. You increase your bets, you ignore your limits, and instead of recovering, you end up losing even more. This is why conservative bankroll management may look boring, but it is actually what keeps you safer from losing control.

You are right, gambling with 1 to 3 percent of you bankroll may look boring to you because you feel it's delaying your ability to push faster or it's slowing your speed down but in other words it is also helpful to you since that's the only way to reduce your level of loses. The main thing that makes Gambler lose more is anger and frustration of loses on a streak. When Gambler start losing his adrenaline rush get high and this make him to retaliate, the retaliation end up making him start to find way to recover, and at this point anything is possible which includes gambling aggressively. This is the worst case scenario where loses increases the more.

[Showlove01]

When there is bankroll management, the problem starts when there is an immediate need to double their bankroll. This occurs when an individual has an urgent financial need, so he sees gambling as the fastest way to double his current bankroll. On a regular day, he would stick to the usual bankroll management, but unfortunately, he needed the money urgently, which led him to gamble without following his bankroll management discipline.

Totally right, in gambling one needs to be extremely disciplined, in order to avoid any financial mistakes and yes, you are right that some gamblers do gamble with the intention of doubling their bankroll and that's a very wrong move or perspective towards gambling. So, for one to ensure safe gambling, they have to approach it with the right mindset because that's the only way they can gamble without having to mismanaging their bankroll.

Gambling to double our bankroll is not actually a bad thing or bad idea per say but it becomes wrong when someone gamble with the mentality that they must double their bankroll because they should be able to know and understand that in gambling winning or making profit is so difficult. However, I believe different people have different mindset and mentality on why they gamble but I gamble to make more money even though winning is not guarantee.

[Agbamoni]

When there is bankroll management, the problem starts when there is an immediate need to double their bankroll. This occurs when an individual has an urgent financial need, so he sees gambling as the fastest way to double his current bankroll. On a regular day, he would stick to the usual bankroll management, but unfortunately, he needed the money urgently, which led him to gamble without following his bankroll management discipline.

Totally right, in gambling one needs to be extremely disciplined, in order to avoid any financial mistakes and yes, you are right that some gamblers do gamble with the intention of doubling their bankroll and that's a very wrong move or perspective towards gambling. So, for one to ensure safe gambling, they have to approach it with the right mindset because that's the only way they can gamble without having to mismanaging their bankroll.

Most of them dont mean to go with the mindset of doubling their bankroll urgently, but life happens sometimes. We as human sometime find ourselves in difficult situations where we need money to solve problems. And if there are no emergency funds left, the mindset will shift into any activity that will double money, and gambling is one of them, and the easier to access without anyone knowing. However, some people are intentionally greedy, which is why they try to double their bankroll every single time in a hurry.

[Ever-young]

Yeah I mean it does make sense. Bankroll management is necessary to sustain over the long term.
But I personally don't follow any specific strategy and gamble how I feel but make sure I am within my limits.
I have a selective betting range and within that limit I bet with whatever I amount I feel like while making sure I don't cross the upper limit.
I guess staying in control is what makes us disciplined and help us sustain over the long term.

You are doing the right thing, gambling with the amount you can afford to lose is the best decision every gambler must exercise during gambling. That is why one has to attain the right mindset towards gambling, in order to have good and responsible way, and they have to stay in control for that to happen if they really want to stay out of trouble because anyone who makes the wrong decision in gambling will end up regretting their actions.

[Cryptomultiplier]

I’m saying this based on my own experience. I know it feels boring when you only wager 1% or 2% of your bankroll, because the wins feel small and slow. But that kind of limit is what keeps you disciplined, especially when you are going through a losing streak.

The problem starts when there is no bankroll management at all. You just bet based on how you feel, and once you start losing, your mind begins telling you to recover everything quickly. That is where chasing losses begins.

And most of the time, chasing does not end well. You increase your bets, you ignore your limits, and instead of recovering, you end up losing even more. This is why conservative bankroll management may look boring, but it is actually what keeps you safer from losing control.

You are right, gambling with 1 to 3 percent of you bankroll may look boring to you because you feel it's delaying your ability to push faster or it's slowing your speed down but in other words it is also helpful to you since that's the only way to reduce your level of loses. The main thing that makes Gambler lose more is anger and frustration of loses on a streak. When Gambler start losing his adrenaline rush get high and this make him to retaliate, the retaliation end up making him start to find way to recover, and at this point anything is possible which includes gambling aggressively. This is the worst case scenario where loses increases the more.

What I see as retaliation for losing so much is nothing short of lack of discipline. Why would you retaliate after losing streak hits your wallet and you keep increasing your bet amount or you keep betting at same amount you started with?

Many of the times it's just better to call it a day and do something that may be more mentally stimulating than gambling, mostly when what started as a fun now looks more like a vengeance operation.
That's emotional control, that's discipline and the absence of both leads to mismanagement of your bankroll. Hence the importance of risk management practices.

[Emjay24]

When there is bankroll management, the problem starts when there is an immediate need to double their bankroll. This occurs when an individual has an urgent financial need, so he sees gambling as the fastest way to double his current bankroll. On a regular day, he would stick to the usual bankroll management, but unfortunately, he needed the money urgently, which led him to gamble without following his bankroll management discipline.

Totally right, in gambling one needs to be extremely disciplined, in order to avoid any financial mistakes and yes, you are right that some gamblers do gamble with the intention of doubling their bankroll and that's a very wrong move or perspective towards gambling. So, for one to ensure safe gambling, they have to approach it with the right mindset because that's the only way they can gamble without having to mismanaging their bankroll.

I don't really have problem with someone who wants to double or triple their bankroll, guys can have as much fun as they can in gambling. I have a problem when they don't have a definite budget with which they gamble and when there's no discipline not to go above it. Of course guys can attempt any strategy and have different targets in gambling, but it should still be within your budget and when you exhaust your budget, then you end your exploration so you don't mess things for yourself. Even in betting, I can go for 3odds, and that's in order to triple my bankroll, and if the bet wins, I've achieved my aim, but I'll be sure to do these within my budget and I'm fine.

[Achalugo BTC]

When there is bankroll management, the problem starts when there is an immediate need to double their bankroll. This occurs when an individual has an urgent financial need, so he sees gambling as the fastest way to double his current bankroll. On a regular day, he would stick to the usual bankroll management, but unfortunately, he needed the money urgently, which led him to gamble without following his bankroll management discipline.

Having an effective bankrull management approach simply means having discipline, because one may not reall be able to stick to any bankroll management without discipline and self control, and anyone with discipline will most likely not consider gambling as a medium of tackling immediate financial needs, because even though gambling has the potentials of profitability, discipline will make you understand that this potential is not guaranteed but just mere probability based on luck, so that immediate need to double their bankroll would most likely not be there when there's an effective or conservative bankroll management strategy that's being followed.

[shawonngp]

When there is bankroll management, the problem starts when there is an immediate need to double their bankroll. This occurs when an individual has an urgent financial need, so he sees gambling as the fastest way to double his current bankroll. On a regular day, he would stick to the usual bankroll management, but unfortunately, he needed the money urgently, which led him to gamble without following his bankroll management discipline.

Totally right, in gambling one needs to be extremely disciplined, in order to avoid any financial mistakes and yes, you are right that some gamblers do gamble with the intention of doubling their bankroll and that's a very wrong move or perspective towards gambling. So, for one to ensure safe gambling, they have to approach it with the right mindset because that's the only way they can gamble without having to mismanaging their bankroll.

I don't really have problem with someone who wants to double or triple their bankroll, guys can have as much fun as they can in gambling. I have a problem when they don't have a definite budget with which they gamble and when there's no discipline not to go above it. Of course guys can attempt any strategy and have different targets in gambling, but it should still be within your budget and when you exhaust your budget, then you end your exploration so you don't mess things for yourself. Even in betting, I can go for 3odds, and that's in order to triple my bankroll, and if the bet wins, I've achieved my aim, but I'll be sure to do these within my budget and I'm fine.

Having two or three times the amount of money for gambling is never a good thing for a gambler, because the higher your gambling budget is, the more time you will spend on gambling, which will eventually turn into a gambling addiction. For those who consider gambling to be entertainment, a huge budget is not required. They will gamble with low stakes, which is easy for them to afford even if they lose. So I think budget allocation is very important in gambling, so that a gambler can control themselves very easily. Any unwanted loss can be avoided.

[KiaKia]

I don't know why people are so into gambling as a source of income, within a week of gambling you would already have the answer that you are looking for, because gambling is the last thing you want to be serious with.

I would rather learn how to trade and how to use tools to my own advantage rather than gambling to make money from it, the few times that I have won in gambling wasn't even expectedly.

To make money it's better to give some service to others or go to work and start investing in better assets, have this going on and gamble with small money, things will end up well compare to relying on gambling.

[Wakate]

I thought you guys said gambling is for entertainment and for fun and not to make profit or whatever and if it is for that the 1% and 2% is okay for gambling if you are not looking for another thing. Gambling is simple to fo it only you can discipline and control yourself not to gamble excess. Those who gamble without thinking the future are the ones gamble and chase lose.

Sometime when I see some gamblers arguing about how people can see gambling as an enterprise, it surprises me because no matter how rich you are, you will not want to lose any amount of money to gambling. Gambling can be seen as fun by not to lose money to the casino that is providing the service. All gamblers want to make money and that is the hardest truth many people are not saying to the newbies.

[KTChampions]

I thought you guys said gambling is for entertainment and for fun and not to make profit or whatever and if it is for that the 1% and 2% is okay for gambling if you are not looking for another thing. Gambling is simple to fo it only you can discipline and control yourself not to gamble excess. Those who gamble without thinking the future are the ones gamble and chase lose.

Just because you don't expect to make a profit doesn't mean you don't want to have a thrill or dream of hitting the jackpot   What could be the jackpot if your bankroll is $100 and you bet $1-2? Such risks/potential gains cannot entertain anyone. Of course, I'm speaking from a bettor's point of view. It seems like you can hit a huge multiplier on a small bet in slots, but that's all too rare an event. If you are aiming for odds of 100, then betting 1-2 dollars is wrong, the regret in case of winning will be great  

[Chinesebaby]

I thought you guys said gambling is for entertainment and for fun and not to make profit or whatever and if it is for that the 1% and 2% is okay for gambling if you are not looking for another thing. Gambling is simple to fo it only you can discipline and control yourself not to gamble excess. Those who gamble without thinking the future are the ones gamble and chase lose.

Gambling is for both, but if actually depends on the goal and target of whoever is playing it at the moment. Because while some people gamble for fun, we have lots of others who also gamble for the main purpose of the money which they intend to win if they are lucky to have their respective predictions go as planned. And also it still doesn't stop the fact that if a user is gambling for fun, that bankroll management is not also put into consideration. Because for each gambler who intends to have fund with gambling, always have a specific range of amount they plans to wager.

[Rabata]

If 1 or 2% of the bankroll is kept for betting, then many people will not be interested in that bet. They will definitely try to put money in a bet where if you keep money, you will get a big reward if you win. Even if you lose in such a bet, it still creates negative problems for the gambler. There are some gamblers who try to place bets with the aim of recovering losses quickly if the loss is high, which can bring big losses to the gambler in the future. If the gambler wants to keep himself disciplined, then he must develop the habit of placing bets with small amounts of money. Otherwise, his discipline will be lost.

[Dreadboost]

I thought you guys said gambling is for entertainment and for fun and not to make profit or whatever and if it is for that the 1% and 2% is okay for gambling if you are not looking for another thing. Gambling is simple to fo it only you can discipline and control yourself not to gamble excess. Those who gamble without thinking the future are the ones gamble and chase lose.

Sometime when I see some gamblers arguing about how people can see gambling as an enterprise, it surprises me because no matter how rich you are, you will not want to lose any amount of money to gambling. Gambling can be seen as fun by not to lose money to the casino that is providing the service. All gamblers want to make money and that is the hardest truth many people are not saying to the newbies.

I disagree with you. Some people see gambling as fun. Some amount means nothing to them except that the reason why they are gambling is to make a profit. Nevertheless, the reason why the majority gamble is to make a profit, not for fun. We should not talk down on those who willingly gamble for fun because they do exist. It is not only the rich who gamble for fun. Some poor people also gamble for fun, but they gamble only with the amount they can afford to lose, as do the rich. Both the rich and the poor will feel unhappy when they lose a large amount to the casino, and gambling with an amount that is huge amount is no longer a fun activity.

[hedgeh0g]

Of course, it's easy to lose everything in an instant if we get too relaxed and the game simply absorbs us, we don't notice, and we surrender to chance. This happens very often to many players because they get bored with the boring game; they want more, to win often and easily, with the click of a button. But that's not how it works. We need to understand this realistically and not look at everything through rose-colored glasses. I see many players who understand how to manage their bankroll properly and control risk, but in reality, they can't do it, because the game will seem too boring to them.