Bankroll Beats Picks

[HONDACD125]

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

Definitely. It all depends on how you manage the process, because if in sports betting, your knowledge and experience play a great role, your bankroll and bets management also play a great role at allowing you to maintain a good winning ratio. Getting greedy, or trying to chase your losses when you lose one or a couple of games can actually make you go berserk and that isn't a financially healthy thing to do in any sort of gambling whether it's sports betting or casino games, because you will, in most cases, end up losing more money instead of recovering what you have lost, so it's better to just keep your emotions under control.

When you know that you are already in profit, and have won at least 80% of the bets you've made so far, you don't even need to make more bets, but if you still decide to do it, you should make bets with a portion of the profits you've already made, so that even if you lose, you don't get angry or sad and then start increasing your bets or going all-in out of rage and anger because you have just lost a bet. If you stay careful and under control, sports betting is not as dangerous as casino games, and you can easily control the flow.

[Mahiyammahi]

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

Or maybe you need to control your emotions. Because the most important thing in gambling is not just winning, but knowing when to stop. Even more important than whether you can stop gambling is controlling your emotions and managing your bankrol properly.

If u don't learn bankroll management, you may end up situation like where you don't know when to stop. You can lose all your money due to excessive greed, anger, or frustration. If your bankroll management is weak, you risk losing everything you have. Then you can lose not only your happiness, but also your status and peace.

[Junii]

Who can relate to this?

Sometimes we don’t lose because we are bad at picking sides but we lose because we are bad at controlling our emotions.

I just want to share this from experience, there was one night where I was up big, like really lucky, and I started thinking maybe I was actually good at this. I was betting on sports and let’s say I made 10 bets, around 8 of them won. That’s like 80% win rate, so you would think I was doing good.

But the mistake came after one loss.

Instead of stopping or lowering my bet, I chased and then when that chase lost, I went all in, and of course, everything got busted.

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

The is actually more common . Most people think gambling is only about prediction but psychology plays a bigger role as compared to prediction .

The dangerous part is not always the first loss it is the emotional reaction after the loss. When someone wins many bets in a row the brain starts building confidence very quickly. Dopamine increases and emotions rise and the mind slowly starts believing that i can’t lose tonight. That feeling creates overconfidence and lowers discipline without peoples noticing. Then one loss suddenly feels personal. Instead of accepting it as a part of the game the brain shifts into recovery mode. At that point people stop making logical decisions and start making emotional decisions. Chasing losses and increasing bet sizing and going all in all these symptoms usually comes from frustration and the need to recover fast not from actual strategy.

That is why bankroll management matters so much. A person can have a high win rate and still lose everything because one emotional moment destroys all the previous good decisions. In many cases the real battle in gambling is not against the bookmaker but against your own emotions and decisions.

[fredericktaylor]

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

I think when it comes to the emotion part, having a lot of bets or doing these parlays will definitely make you lost in one go. Been doing that in the past and I will never do it again, I'm happy to have 1-2 bets that isn't difficult to assess rather than chase those lottery picks on parlays. I know it will be the same even if those are single bets and I mean how can unlucky you can be. The thing is, we don't know when to stop or we just urge ourselves that it's probably just this time and next time will be a different outcome.

Multiple bets increases the chances of losing money because we cannot do proper research and even then we cannot keep a cool head and even then we cannot make the right decision. We can get emotional at any time through gambling and by gambling we cannot make the right decision by placing bets emotionally as a result the chances of losing money increase manifold. I think it is better to place one bet than to multiple bets as by taking time to research the amount of losses can be less and you can gamble with a cool head and make the right decision.

[AHOYBRAUSE]

Who can relate to this?

Sometimes we don’t lose because we are bad at picking sides but we lose because we are bad at controlling our emotions.

I just want to share this from experience, there was one night where I was up big, like really lucky, and I started thinking maybe I was actually good at this. I was betting on sports and let’s say I made 10 bets, around 8 of them won. That’s like 80% win rate, so you would think I was doing good.

But the mistake came after one loss.

Instead of stopping or lowering my bet, I chased and then when that chase lost, I went all in, and of course, everything got busted.

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

Guess we all make this mistake from time to time. It's hard to control emotions, especially when you are lucky in a unlucky way. Sometimes the way you lose make you lose control, not the fact that you lost. You ask yourself, "should I have cashed out" or something lime that when you lost after having a solid lead.
In the end it's all gambling, anything is possible at any given time. Bankroll management and self control are essential to be successful in this business. Since most of people lack at least one of these characteristics the casinos and booking make a good living unfortunately.

[Hazink]

Definitely, you need bankroll management for you to keep track of your financials. Without it, I would say, you will likely have financial troubles. And it is easy to put yourself in a rabbit hole if you do so. So I would say, better not put yourself in that position before you regret about your decision.

Who gambles without even thinking about their bankroll? unless they are prepared from the beginning to just ruin their finances through gambling without directly saying it. As much as gambling can be fun and entertaining without self-control and the proper safety measures are put in places, it's easy for someone to get addicted to it before they even realize it.

[Sammye3]

In most cases you can just be so unlucky no matter how clinical your analysis can be. Take for instance,  the Permier league in this last phase to the close of the season, there have being quite unexpected outcome that nobody could see coming. Not just the Permier league but across other leagues as well and that is what gambling is all about, you can be more unlucky than lucky throughout your gambling career.

[Achalugo BTC]

Or maybe you need to control your emotions. Because the most important thing in gambling is not just winning, but knowing when to stop. Even more important than whether you can stop gambling is controlling your emotions and managing your bankrol properly.

If u don't learn bankroll management, you may end up situation like where you don't know when to stop. You can lose all your money due to excessive greed, anger, or frustration. If your bankroll management is weak, you risk losing everything you have. Then you can lose not only your happiness, but also your status and peace.

Its very essential for one to learn how to manage their bankroll, as it will help the maintain the fun in gambling and also preserve their peace of mind, as its better to have peace of mind while gambling even though one might be winning little or not, than not to have peace of mind while gambling, all because one is chasing after their losses and this is the part that makes them to allow their emotions cloud their judgement. But, doing the right thing and being in charge of their emotions keeps them to enjoy the game as it is designed to be.

[Tungbulu]

Who gambles without even thinking about their bankroll? unless they are prepared from the beginning to just ruin their finances through gambling without directly saying it. As much as gambling can be fun and entertaining without self-control and the proper safety measures are put in places, it's easy for someone to get addicted to it before they even realize it.

There are people that have decided that worst comes to worst, they will to gamble as they like and don't really care if they are mismanaging their bankroll or not and after they have loss so many games,it kills their plans and there is no how that it won't ruined their lives, expect they have already accepted that whether they lose or not, they will accept anything from gambling with good fate, that's when they won't feel the pain that much.

[Crypto Library]

You don’t need a skill for that because anyone can do it, even kids. It is not really a skill, it is just a matter of convincing ourselves not to take the risk because we don’t believe it is possible to win in gambling.

But when you say gambling, that is broad. Not all gambling gives us a chance to win in the long run, especially those games with house edge. I think sports betting should be treated differently because we are the ones choosing the odds, and if we do value betting successfully, then that proves it is possible.

Actually, that's what I'm trying to say here. There's really no such thing as gambling skill. What we can do here is that we can have a strategy that will keep us within a loss amount at the end of the month that we can afford to lose and that won't have any negative impact on us.

Even if someone talks about sports betting, I would say that even after doing the analysis, it depends on our luck whether we will win that match or not, because we have seen many matches where the underdog team has defeated the strong team.

[SamReomo]

Gambling with emotions always ends tragically, not the victory that is obtained but sadness and regret for having gambled with emotions.

Managing a winning bankroll is an important part of the gambling strategy, even choosing a single bet of 8/10 is a good thing, but risking all the bankroll in one bet will be tragic if it is unlucky then everything will be lost.

How I once felt this, still in the conclusion I regret and do not want to repeat it again.

Well said and very true, one should always learn to avoid gambling with emotions because our emotions are our main enemies in gambling and when we're controlled by our emotions we most probably lose.

It's unwise to risk full bankroll in a single bet or in 2-4 bets because that's not good at all. I only risk small portion of my bankroll in betting and if things go well I win otherwise I lose but such losses can't affect our mental state.

Some people in rage place their full bankroll as a single bet and if they lose that bet then they start crying that their luck isn't good but they don't understand that they lost everything because of their low control over their emotions not because of their luck.

[macson]

Everyone may be able to set a bankroll for their bets, but not everyone is disciplined enough to stick to their bankroll and avoid betting beyond their means. Because greed when winning or when chasing losses can destroy their bankroll, and only those who are truly disciplined with their bankroll can maintain it, since they understand that betting beyond their means and depleting their bankroll all at once can make their gambling unsustainable in the long run.

So it is important to maintain discipline regarding bankroll and emotions when gambling because if not, there is a big possibility that someone will make their gambling uncontrolled and even disrupt their life because most of their money is spent on gambling.

[Accardo]

There are people that have decided that worst comes to worst, they will to gamble as they like and don't really care if they are mismanaging their bankroll or not and after they have loss so many games,it kills their plans and there is no how that it won't ruined their lives, expect they have already accepted that whether they lose or not, they will accept anything from gambling with good fate, that's when they won't feel the pain that much.

People may assume that chronic gamblers feel lesser pains about losing so much time and money to their actions, that's not true. Such players have refused to accept reality, but it definitely hits on them unexpectedly, at a point when the gambler can't hold on anymore, to those factors like owning a bankroll, calling loses an investment, and feeling in control, which denies them the actualization of the pain they're into. Bankroll is a painkiller, that doesn't last, the gambler will one day begin to feel the mental and emotional damage they've cost themself, even when the bankroll is still there, the dopamine level increases so high that bare daily gaming opportunity do not interest the gambler again, then everything, once more begin to be a loss.

[Versatile_choice]

Who can relate to this?

Sometimes we don’t lose because we are bad at picking sides but we lose because we are bad at controlling our emotions.

I just want to share this from experience, there was one night where I was up big, like really lucky, and I started thinking maybe I was actually good at this. I was betting on sports and let’s say I made 10 bets, around 8 of them won. That’s like 80% win rate, so you would think I was doing good.

But the mistake came after one loss.

Instead of stopping or lowering my bet, I chased and then when that chase lost, I went all in, and of course, everything got busted.

I have experienced this before in slot game, although I don't really know if you had this experience in sport betting (Football) or in slot but I can guess correctly that this happened in slot or casino games. There was a day I decided to try my luck in slot, my first attempt went well then I was so excited I never knew all was just a trap set by the casino just to get me stuck up in the game, then I was ignorant so i kept trying until they finished everything both the wining I had earlier.

That's how I learnt my lessons, my new method is whenever i win from gambling first thing first is to withdraw 70% of the wining and then try with the remaining 30% if it didn't work then I will call it a day.

[Sonia_123]

Bankroll remains the ultimates in any gamblers life, it helps you to manage your resources properly without stress, it also keeps track of how you spend your money and controls your game ling activities regularly in other to avoid spending above budget.

[suzanne5223]

I can relate to what you explain about the bankroll beats picks, and I see it as something I learned to control through a hard lesson. Nevertheless, I consider it to be overbetting through greed.
Before I could learn how to put it in check, I had to stop gambling for weeks, and later start gambling again when I believed I had enough capacity to control it, because it's one of the things that leads to gambling addiction.

Greed and emotions are one of the major causes of losing when you have had early winnings.

No, greed and emotion are not the major causes of losing in gambling. Understand that the game odds and gambling concepts were already not in the favor of gamblers.
We just need to understand how to gamble profitably and work away when it's the right time.
Therefore, I believe immature gambling, inexperience, and not understanding the game concept are the major reasons, because if a gambler is mature enough to decide to walk away due to his/her about the game not being in his/her favor, but just got lucky to be on a winning streak, greed and emotion can't overpower such a gambler's decision.

If you have good bankroll management and laid down principles that discipline your gambling decisions, you can easily escape such possible traps caused by emotions and greed. Knowing that gambling is a game of luck and that your winning is not guaranteed, no matter your experience or approach, shapes how you feel and relate to such early winnings.

I agree with you on this one.

[fullfitlarry]

Bankroll remains the ultimates in any gamblers life, it helps you to manage your resources properly without stress, it also keeps track of how you spend your money and controls your game ling activities regularly in other to avoid spending above budget.

What do you mean without stress? Gambling involved every human emotions including stress specially if you are in the losing end. Even if you have budget for gambling, people are just competitive that once they lost it to the casino, somewhat you wanted to get it back.

Otherwise, there's no sense of just playing and then in the end, you are just going to donate your money to them. There will be a time that even if you say that you play for fun, at least you want to feel and experience to win.

[Fivestar4everMVP]

In most cases you can just be so unlucky no matter how clinical your analysis can be. Take for instance,  the Permier league in this last phase to the close of the season, there have being quite unexpected outcome that nobody could see coming. Not just the Permier league but across other leagues as well and that is what gambling is all about, you can be more unlucky than lucky throughout your gambling career.

Exactly, and this is why most gamblers who gamble for a long time end up on the negative side in terms of profitability and not on the positive side, infact, I would say that 99 percent of gamblers (sports bettors included) who gamble for a very long time like for one year or more end up in the negative side of profit than the positive side, but even though we know this, we still gamble because for some of us, people like me for example, gambling and betting are mostly for fun and entertainment.

Because we understand how unlucky one can be from gambling, so it is better to treat it as fun and entertainment than always end up being disappointed and frustrated when ever our gambling expectations are not meet, or fail to materialize.
And so far, gambling have actually proven to be more enjoyable when treated as a fun and entertainment source, rather than a source of money.

[fruktik]

Stopping in time is one thing, but minimizing your greed is quite another. And what does that require? Self-control and strict discipline. I've realized one thing: achieving this isn't so easy. It all sounds good in words, but when reality sets in, that's where the problems begin. Humans can't help but worry. They are emotional creatures. I've rarely seen anyone who can truly control themselves completely, without succumbing to the temptation to show their emotions.

[Tetu100]

Stopping in time is one thing, but minimizing your greed is quite another. And what does that require? Self-control and strict discipline. I've realized one thing: achieving this isn't so easy. It all sounds good in words, but when reality sets in, that's where the problems begin. Humans can't help but worry. They are emotional creatures. I've rarely seen anyone who can truly control themselves completely, without succumbing to the temptation to show their emotions.

I will agree with you on all you have just said. Humans are very greedy and this is one thing that has result most of the numerous challenges we normally have in the game. However, If this very aspect of greed can be get rid of, things will be more easier and better than the way it is.

Most of the time when we do find ourselves in a similar situations like, we have this mindset or the consciousness of stopping at of when due but the greed in us keep pushing, we always believe this one more step can fix everythings we have lost so far but little do we know that every attempt to make things up in gambling is like going deeper and full of emotions and losing becoming more higher than we expected.